TheScreener - Nexen Tire Corp. (002350) An unfavourable environment weighs on NEXEN TIRE, which sees a downgrade to Slightly Negative

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An unfavourable environment weighs on NEXEN TIRE, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of NEXEN TIRE (KR), active in the Tires industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date March 25, 2022, the closing price was KRW 6,190.00 and its target price was estimated at KRW 5,169.53.

26/03/2022 1 EN

Underlying

Nexen Tire Corp.

NEXEN TIRE CORPORATION is a Korea-based company mainly engaged in the production and sale of tires. Along with subsidiaries, the Company operates its business through two segments. Tire segment is engaged in the manufacturing and sale of tires including passenger car radial (PCR) tires, light truck radial (LTR) tires and sport utility vehicle (SUV) tires, as well as the provision of tire rental services. The Other segment involves in the transport and storage, mold, bread business. The Company distributes its products within the domestic market and to overseas markets, including China, America, Europe and Southeast Asia.

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KR7002350007 Korea Stock Exchange South Korea

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An unfavourable environment weighs on NEXEN TIRE, which sees a downgrade to Slightly Negative

Empowering Investors

Nexen Tire (002350.KS): Slow but steady

Ford Equity International Rating and Forecast Report

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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