Hyundai Motor Securities Keeps HanmiGlobal at ‘Buy’ as Earnings and Growth Drivers Hold
Translated from Korean and summarized by DistantNews. Read the original for the full story.
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- Hyundai Motor Securities maintained its ‘Buy’ rating and 29,000 won target price for HanmiGlobal.
- The brokerage expects improving results, citing recovering orders in domestic and overseas operations and continued strength in the high-tech business.
- It also pointed to expansion in semiconductor, data-center and nuclear-power opportunities.
Hyundai Motor Securities kept its ‘Buy’ recommendation on HanmiGlobal and retained a target price of 29,000 won. HanmiGlobal closed the previous trading session at 21,700 won.
The brokerage said HanmiGlobal’s earnings should continue to improve. It cited a recovery in orders in the company’s domestic and overseas businesses, along with strong conditions in its high-tech division.
The research also identified semiconductors, data centers and nuclear power as expanding growth drivers for the company.
About this summary
Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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