Report
EUR 17.42 For Business Accounts Only

3Q misses but THAAD tensions ease

-Raise target price  and keep our rating unchanged at BUY.

-  Parent earnings for 3Q were lower than expected as earnings from outbound travel were partially deferred to 4Q.

 

-  As THAAD-related tensions show signs of thawing, we expect China-related business momentum to pick up next year.

 

Underlying
Hana Tour Service Inc.

Hanatour Services is a travel services provider which is based in the Republic of Korea. Co. maintains products which target niche markets along with organized online travel information systems. Co.'s online wholesale business model is called HANATOUR.COM. It offers customers one-stop service including travel inquiries, information on tourist attractions, checking available seats, and online payments. Co. is engaged in the businesses of publishing, transportation, hotel and real estate rental.

Provider
Hyundai Motor Investment & Securities
Hyundai Motor Investment & Securities

Hyundai Motor Investment & Securities is the investment banking arm of the Hyundai Motor Group. The company offers stock brokerage and advisory services; derivative products brokerage and advisory services; wrap account portfolio management services; and VIP wealth management and tax planning, institutional equities, derivatives, and futures brokerage services, as well as sells investment and institutional products. It also provides equity offering, ABS, real estate PF and real estate PF securitization, offshore SOC, structured financing, asset securitization, real estate sales, IPO advisory, and private equity fund and fund management services; and CMA/RP portfolio management and fixed income based investments, as well as involved in the issuance, management, and brokerage of OTC derivatives. In addition, the company offers research services, including macro economic forecasts and stock market outlook, industry overviews and forecasts, fixed income strategies, corporate credit analysis, and valuation analysis. Further, it offers a range of retirement and pension services for individuals and corporate members; portfolios and asset allocation consulting and marketing services; proposing retirement pension plans; contract and payment management services; pension plan advisory and actuarial services; and system development and implementation services, as well as operates call centers for retirement pension services, etc. 

Analysts
Peter Yoo

Other Reports on these Companies
Other Reports from Hyundai Motor Investment & Securities

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