Hyundai Motor, which had soared for two days due to discussions on electric vehicle cooperation with Apple, is regaining strength in the stock market on the 12th.
As of 9:33 am on the day, Hyundai Motor was trading at 273,000 won, down 2.24% (6,000 won) from the previous day.
Hyundai Motors started with a slight decline on the day and fell to 256,000 won, but it turned to an uptrend with the inflow of buying.
Hyundai Motors surged 19.42% on the 8th, when the rumors of cooperation between Apple and electric vehicles for the first time appeared, and then ended 8.74% on the 11th.
As a result, it jumped close to 30% for two trading days, closing at 267,000 won on the 11th, and approaching a record high of 268,000 won (April 30, 2012) based on the closing price.
The previous day’s trading volume was 14 million shares, and the current trading volume exceeded 2 million shares.
At the same time, Hyundai Mobis recorded 345,000 won, down 1.99% from the previous day, and Kia Motors also turned to an increase to 7400 won, up 0.43%.
On that day, Eugene Investment & Securities raised the target price from 326,000 won to 400,000 won while maintaining the rating as’Buy’, saying that Hyundai Motor Group’s future car value needs to be re-evaluated.
Researcher Lee Jae-il said, “At this point, the point to note is that the future car technology capabilities and business value of Hyundai Motor Group were remarkably undervalued.”
“Hyundai Motor has the world’s top electric vehicle competitiveness and electric vehicle platform technology, and is proving its unrivaled technology in the hydrogen vehicle field,” said Lee. It is judged to be” he analyzed.
/yunhap news
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