Hyundai Motor Company-Apple EV Cooperation Discussion (PG)▶ Click here to enlarge
Hyundai Motor Company[005380] As the stock price continues to rise, the stock price is gradually raising the target price to the 300,000 won range.
When Apple proposed cooperation with Hyundai Motor to launch the’Apple Car’ and became known as an early stage of discussion, Hyundai Motor’s share price soared to the highest level ever in anticipation of a successful cooperation.
According to the financial investment industry on the 13th, from the 11th, NH Investment & Securities (330,000 won), Eugene Investment & Securities (325,000 won), Samsung Securities (325,000 won), Hyundai Motor Securities (300,000 won), Meritz Securities (300,000 won) ) And others suggested a target price of over 300,000 won for Hyundai Motor.
NH Investment & Securities researcher Soo-Hong Cho raised the target price from KRW 240,000 to KRW 330,000. “I looked out.
Lee Jae-il, a researcher at Eugene Investment & Securities, also raised the target price from 250,000 won to 325,000 won, saying, “Hyundai Motor Group’s future car technology capabilities and business value were remarkably undervalued.”
He added, “Hyundai Motor has proven electric vehicle technology enough to receive cooperation proposals from a number of companies including Apple,” he added. “In the field of hydrogen vehicles, it has proven its unrivaled technology by mass-producing the world’s first hydrogen passenger car.”
Moon-soo Jang, a researcher at Hyundai Motor Securities, who raised the target price of Hyundai Motors from KRW 250,000 to KRW 300,000, said, “The valuation discount compared to the market is dissolving due to the entry of electric vehicles to the forefront, expansion of pure electric vehicles (BEVs) based on dedicated platforms, and requests for cooperation from Apple. “He explained.
In addition, he predicted, “Sufficient share price rise will be possible as new investments based on quality competitiveness and financial structure, rationalization of group affiliates, collaboration with new companies, discovery of future growth engines, and entry into new businesses will become visible.”
Hyundai Motor’s share price jumped 19.42% on the 8th, when the rumor of cooperation between Apple and electric vehicles first appeared, and soared 8.74% on the 11th. During the intraday on the 11th, the reported price rose to 289,000 won, and the reported price was newly written.
The closing price on the 12th was 261,000 won, which is 35.94% higher than the stock price of 192,000 won at the end of last year.
The market capitalization of Hyundai Motors increased from 41 trillion won at the end of last year to 55.76 trillion won on the 12th, increasing by 14 trillion won in about two weeks. The KOSPI market cap has risen vertically from 8th to 4th.
[연합뉴스]
Copyrights ⓒ Yonhap News. Unauthorized reproduction and redistribution prohibited