![[특징주] ‘Apple car shock escape’ Hyundai Motor rebounds… Kia is weak](https://image.news1.kr/system/photos/2021/2/7/4611239/article.jpg "[특징주] ‘Apple car shock escape’ Hyundai Motor rebounds… Kia is weak")
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| Logos of Apple and Hyundai Motor Company © AFP=News1 © News1 Reporter Park Hyung-ki |
Hyundai Motor Group stocks are showing their escape from the’Apple Car Shock’. However, Kia Motors and Hyundai Wia, whose share prices rose relatively large due to expectations for Apple cars, are falling for the second day. The day before, Hyundai Motor Group stocks plunged at the same time when the news that Apple car cooperation between Hyundai Motor Group and Apple had ceased.
As of 9:05 am on the 9th, Hyundai Motor’s share price is trading at 234,000 won, up 500 won (0.21%) from the previous day. Hyundai BNG Steel (2.33%), Hyundai Autoever (1.64%), Hyundai Glovis (0.75%), Hyundai Rotem (0.74%), and Hyundai Steel (0.49%) are also on a slight rise.
On the other hand, Kia Motors is recording 84,800 won, down 1,500 won (1.74%) from the previous day. Hyundai Wia is trading at 85,800 won, down 800 won (0.92%). Hyundai Mobis is showing a steady trend.
Moonsoo Jang, a researcher at Hyundai Motor Securities, said, “The previous day’s stock price was 11.7x for Hyundai Motor, 8.9x for Kia Motors, and 10.7x for Hyundai Mobis based on the consensus for December’s leading PER (share-to-earnings ratio). It is on sale.”
“The share price is expected to turn upward thanks to the global expansion of Genesis and Ioniq 5, the momentum from the launch, and the sharing of mid- to long-term strategies such as Kia Motors CEO Investor Day.”