] Although Hyundai Motor
’s earnings last year were less than stellar, it will lead the global auto market this year, said Yuanta Securities on Jan. 12.
The South Korean automaker’s fourth-quarter operating profit last year is estimated to have fallen 3.7 percent on-year to 1.46 trillion won (US$1.23 billion).
“It is already a frontrunner in its major markets including Russia and Brazil, and is expected to post higher profits in Eastern Europe, Latin America and Middle East,” said Lee Jeong-hun, maintaining an 180,000 won target price.
By Hwang You-mee (email@example.com