May 09, 2024
Stocks & Bonds
[EQUITIES] ‘Hyundai Motor to lead global market in 2017’
[THE INVESTOR] 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 (glamazon@heraldcorp.com)
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 (glamazon@heraldcorp.com)
