Hanwha Investment & Securities maintained its investment opinion 'buy' on Hyundai Motor on the 18th, saying, "We expect a slump in the third quarter of this year," but expects to ease disruptions in semiconductor supply in the fourth quarter.
Hanwha Investment & Securities predicted Hyundai Motor's sales of 26.8 trillion won and operating profit of 1.53 trillion won in the third quarter.
Sales will be 3% year-on-year and operating profit will be in the black compared to the same period last year.
"We expect to ease semiconductor supply disruptions due to the easing of Malaysia's 'Lockdown' in the fourth quarter," Hanwha Investment & Securities said. "We will be able to improve our performance compared to the previous year, considering that there is room for improvement in the average domestic sales unit price (ASP) due to the release of new cars such as the GV60 and G90.".
Hanwha Investment & Securities predicted sales and operating profit of 30.546 trillion won and 1.836 trillion won, respectively, in the fourth quarter. In the meantime, he predicted that "performance improvement will continue next year.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
