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(Photo=Hyundai Motor) |
[Alpha Biz= Reporter Kim Minyoung] Daol Investment Securities expects that the second-quarter performance momentum of Hyundai Motor will elevate its stock price to the next level. They maintain a 'buy' investment rating and a target price of 340,000 won. The closing price on the previous day was 253,000 won.
According to Daol Investment Securities, "The second quarter will see a concentration of Hyundai's largest SUV model cycle." They added, "With a reduction in sedan proportion, Santa Fe and Palisade are transitioning to volumes of 300,000 and 150,000 units, respectively, each achieving their highest volume ever, which is expected to act as a key driver for profitability improvement."
Daol Investment Securities also mentioned, "Reflecting the reduction in operating days in the second half of the year, annual operating profit is estimated to increase by 3.1% year-on-year to 15.5 trillion won."
AlphaBIZ Kim Minyoung(kimmy@alphabiz.co.kr)
