Daishin Securities “Two companies’ share of the Chinese market is also recovering”… Investment judgment should be made carefully
[초이스경제 이영란 기자] In the stock market on the 11th, stock prices of construction machinery stocks such as Hyundai Construction Equipment and Doosan Infracore are on the rise during the week. The news of a surge in excavator sales in China is believed to have an impact on the investor sentiment of related stocks.
According to the Korea Exchange, as of 10:45 am, Hyundai Construction Equipment is trading at 43,350 won, up 8.50% from the previous day. At one time during the week, he touched 43,450 won and updated the 52-week reported price.
At the same time, Doosan Infracore (+3.26%), Everdigm (+5.66%), DW Power (+10.78%), and Soosan Heavy Industries & Construction (+3.69%) are also on the rise.
Lee Dong-heon, an analyst at Daishin Securities, said, “The excavator sales volume in China in February reached a record high of 2,4562 units as of February,” he said. In addition, he explained, “Hyundai Construction Equipment and Doosan Infracore’s share in the Chinese market is gradually recovering to 2.9% and 7.1%, respectively.”
On the other hand, Hwang Eo-yeon, an analyst at Shinhan Financial Investment, said, “The rise in raw material prices is continuing due to the global economic improvement, US stimulus measures, and infrastructure policy enforcement.” Said. He added, “It is also worth noting that the economic improvement of emerging countries, which are raw materials exporters, and the promotion of infrastructure policies,” he added.
On the other hand, as of 10:55 am on the day, the KOSPI index rose 1.59% from the previous day to 3005.09, and the KOSDAQ index rose 1.08% to 899.71, respectively.
Choice Economy, however, strongly hopes that “this article will be used only as a reference material.” This is because the content of analysis for a specific industry and a specific company may differ for each analysis institution, and stock investments are always risky.
Copyright © Choice Economy Unauthorized reproduction and redistribution are prohibited.