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| On the afternoon of the 8th, Kia Motors stock prices are appearing on the electronic board of the Korea Exchange in Yeouido, Yeongdeungpo-gu, Seoul. On the news that cooperation between the Hyundai Motor Group and Apple has ended, Hyundai Motor’s stock price fell 15,500 won (-6.21%) from the previous day to 234,000 won. Kia Motors closed the market at 86,300 won, down 15,200 won (-14.98%). 2021.2.8/News1 © News1 Reporter Ki-seon Hwang |
Even though Hyundai Motor Group stocks plunged the previous day at the news that the autonomy electric car’Apple Car’ negotiations between Hyundai Motor Group and Apple broke down, individual investors, so-called Donghak Ants, were found to have contained about 600 billion won in Hyundai Motor Group stocks such as Kia Motors, Hyundai Mobis, Hyundai Glovis, and Hyundai Motors. Considering the solid fundamentals of Hyundai Motor and Kia Motors’ earnings improvement, it can be interpreted that the stock price decline was used as an opportunity to buy at a low price.
In the stock market, news of the cessation of negotiations between Hyundai Motor Group and Apple is likely to act as a factor for stock price correction in the short term, but the sound fundamentals are unchanged.
According to the Korea Exchange on the 9th, the net purchase of individual investors for Kia Motors, which plunged 15% the previous day, was 2405 billion won, the largest among all listed stocks. Individuals also bought Hyundai Mobis 170 billion won, placing it in the second place in net buying. In addition, Hyundai Glovis, a logistics subsidiary of Hyundai Motor Group, (137.4 billion won), Mando (29.9 billion won), an auto parts company, Hyundai Motors (12.5 billion won), and Hyundai Wia (11.3 billion won) were also net purchases.
On this day, individuals only bought 84.5 billion won in net purchases in the KOSPI market, and they bought more than 600 billion won for stocks that were classified as’Apple car beneficiaries’ such as Hyundai Motor Group stocks.
On the other hand, the institution net sold Kia Motors (-1646 billion won), Hyundai Mobis (-68 billion won), and Hyundai Motors (-11.7 billion won), and foreigners also sold Hyundai Mobis (-102.6 billion won), Kia Motors (-923 billion won), and Hyundai Motors (-5.1 billion won). ) Sold.
The previous day, the domestic stock market fell by about 1% due to the Apple car shock. Among them, Kia Motors, which used to be a strong Apple car production base, ended the deal at 86300 won, a sharp drop of 15,200 won (14.98%) compared to the previous day. It is an evaporation of 6,161.5 billion won based on the market capitalization. The market caps of Hyundai Motors (3,311.8 billion won) and Hyundai Mobis (2.8991 trillion won) also declined significantly.
On the 8th of last month when the possibility of cooperation between Hyundai Motor and Apple was first raised, Hyundai Motor’s share price soared 19.42% to 246,000 won and Kia Motors’ share price rose 8.41% to 68300 won, respectively. Comparing the closing price on the 5th of this month with the closing price on the 8th of last month, Hyundai Motors increased 1.42% and Kia Motors 48.60%. During this period, individual investors, so-called Donghak Ants, net bought Hyundai Motor and Kia Motors of 9157 billion won and 7987 billion won, respectively, based on their expectations for Apple cars.
Stock prices believe that the issue of breakdown in negotiations with Apple will have a limited impact on these stock prices.
NH Investment & Securities researcher Cho Soo-hong said, “In the recent stock market, the short-term stock price volatility will increase because expectations for the possibility of cooperation with Hyundai Motor Group and Apple have been high,” he said. “Hyundai Motor Group’s long-term share price uptrend is expected to continue.” .
Researcher Jo added, “Even if the actual cooperation with Apple is not achieved, we believe that this issue will serve as an opportunity for Hyundai Motor Group, which is promoting future technology and business competitiveness, to strengthen its position as a top player in the global market.”
Kim Jin-woo, a researcher at Korea Investment & Securities, said, “In the process of digesting the news, Hyundai Motor Company made a firm public announcement. Someday the correction will come in a short period of time.”
E-Best Investment & Securities researcher Yoo Ji-woong said, “From next week, Ioniq 5 will be released. The valuation will come in the spotlight. The first quarter (January to March) will also have excellent results.”
However, Lim Eun-young, a researcher at Samsung Securities, said, “I think (investors) will be worried because there is a Lunar New Year holiday this week.”