Report
EUR 17.08 For Business Accounts Only

Hyundai Corporation: Current price provides a great entry point

We expect Hyundai Corporation to post higher-than-expected results for 3Q. We believe earnings will

continue to grow after bottoming out in 1Q given 1) the improving global economy; 2) recovering

commodity prices; and 3) the company’s increased focus on profitability.

 

Underlying
Hyundai

Hyundai is engaged in the trading and marketing business. Co. provides products and services ranging from industrial plants, automobiles, machinery, ships/ship repair, steel and metal products, electronic products and electrical equipment to textiles and garments, tires, musical instruments and chemical products.

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
Jong-ryeol Park

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