April 25, 2024
Stocks & Bonds
[EQUITIES] ‘Expectations rise for Hyundai Motor’s governance reshuffle’
[THE INVESTOR] Hyundai Motor’s earnings will improve as it reorganizes its complex governance structure, said eBest Investment and Securities on March 22, raising the target price to 220,000 won (US$195.78) from 170,000 won.
 |
Its circular shareholding structure is likely to be streamlined beginning this year, forecast analyst Yu Ji-woong, citing the fact that the motor company has begun collecting brand royalty from its affiliates.
The revision of business law, however, is having difficulties in advancing, and the actual restructuring will begin in earnest when the new administration settles after the next couple of months, noted the analyst.
In the meantime, its operating profit in 2017 will rise 10.4 percent to 5.7 trillion won from the previous year, said Yu.
By Hwang You-mee (glamazon@heraldcorp.com)
![[From the Scene] KG Mobility poised to take next leap](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=151&simg=/content/image/2024/04/24/20240424050621_0.jpg)
