![[Featured stock] Hyundai Motors and Kia decline for two days in a row due to performance concerns over ‘strong won’](/api/img?u=https%3A%2F%2Fimg.yna.co.kr%2Fphoto%2Fyna%2FYH%2F2026%2F10%2F07%2FPYH2026100701580001300_P2.jpg&w=1200&q=72&f=webp)
AI-generated summary
Hyundai Motors and Kia fell 3.45% and 2.66%, respectively, the previous day, which is believed to be due to concerns that third quarter performance will fall below market expectations.
(Seoul = Yonhap News) Reporter Yuhyang Kim = Stock prices of Hyundai Motors [005380] and Kia [000270] are showing a downward trend in the early trading on the 8th, continuing from the previous day.
As of 9:28 a.m. on this day, Hyundai Motors' price was 326,250 won, down 2.90% from the previous day.
The stock price, which started off 0.30% weak, increased its decline and at one point fell to 325,500 won (-3.13%) in the early trading.
At the same time, Kia is being sold at 107,500 won, down 1.92%.
Kia, which started off with a 1.09% decline, is currently continuing its decline in the 1-2% range.
Hyundai Motors and Kia fell 3.45% and 2.66%, respectively, the previous day.
This is interpreted to be the result of concerns that Hyundai Motor Company and Kia Motors' third quarter performance will fall below market expectations.
The stock market is already lowering the target stock prices for the two stocks.
Researchers Kim Chang-ho and Jeon Yu-na of Korea Investment & Securities predicted that Hyundai Motor Company's third quarter performance will fall below the consensus (market forecast), saying, "The strong impact of the won was significant, and the sales volume disruption due to the prolonged strike was also significant."
These researchers lowered their target stock price for Hyundai Motors by 17% from 640,000 won to 530,000 won. However, the investment opinion was maintained at ‘buy’.
Regarding Kia, he said, "Unlike Hyundai, there was no strike, so volume (outline size) was solid and quarterly operating profit is expected to exceed Hyundai."
However, the analysis is that performance deterioration is inevitable due to the strong won. Accordingly, the target stock price for Kia was also lowered by 9% from 220,000 won to 200,000 won.
In addition, Shinyoung Securities, Daishin Securities, Hanwha Securities, and DB Securities also lowered their target stock prices for Hyundai Motors and Kia this month.
AI outlook — possibilities, not facts
Hyundai Motor Company's third quarter performance will fall below consensus
Likely · Within weeks
Kia's quarterly operating profit will exceed Hyundai Motor's
Possible · Within weeks
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