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THE INVESTOR

Stocks & Bonds

[EQUITIES] ‘Hyundai Motor to lead global market in 2017’

  • PUBLISHED :January 12, 2017 - 15:15
  • UPDATED :January 12, 2017 - 15:15
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[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)
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