Hyundai Motor Company, except if the Chinese market can be improved -SK Securities

[Korea goyounghun financial newspaper reporter] SK Securities if the 12th for Hyundai, except for China, saying the industry can improve the BUY target price was proposed to 175,000 won.

Gwonsunwoo SK Securities researcher "When you are being discovered factors indicating improved automotive industry are one, except for China, sluggish due to Saad" and "just in China sluggish, given the impact on the component companies, now the corresponding CBU center is preferred "I decided.

Issues Researcher "but the relationship of the parts Sawa is directly proportional to the profitability of automakers never been part saga good time difficult to automobile performance," said, "This can be found under Mobis and automakers in China Corporate profitability and the situation that concerns raised against earnings in the price was diagnosed as can not but be negative. "

2-3 In order to compare the vendors market capitalization and modern Kia Chinese factory of automobile and sluggish share price is greater opinion is the same planet.

He added, "automakers within recommended the approach of Hyundai's center, and in China the situation is relatively good as, and because improved profitability through product mix expectations," said, "but look at all Hyundai and Kia increased the SUV ratio, high profitability D + E ratio of segments is explained that Hyundai is in good condition. "

In particular, the recent case of the Grandeur and Genesis released, said nopahjyeotdago the share in global shipments up 3% and 2%, respectively.



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