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36% Increase In KRX Car Index … Hilarious About Apple Car Problem
Auto stocks, led by Hyundai Motor Group stocks, lead the growth rate of stocks by industry in the new year.
According to the Korean Stock Exchange on the 7th, the KRX auto index, consisting of 10 auto stocks from KOSPI and KOSDAQ, was up 36.44% from 1,965.83 at the end of last year to 2,682.20 on the 5th.
This year, the rate of increase of the index is the highest among the KRX sector indices.
Energy chemistry (24.33%), transportation (13.94%), media and entertainment (11.86%) and information technology (11.91%), which have risen a lot, also exceeded by a wide margin.
During the same period, the fluctuation rates of KOSPI (8.60%) and KOSDAQ (-0.10%) were also significantly higher.
The components of the KRX automobile index are Hyundai Motors, Kia Motors, Hyundai Mobis, Hanon Systems, Hankook Tire & Technology, Mando, Hyundai Wia, Korea & Company, Sebang Battery and SL.
Daejangju Hyundai Motors and Kia Motors share prices increased 29.95% and 62.66%, respectively, this year.
Based on the closing price, the rate of increase from the low of last March reached 278.60% and 372.09%, respectively.
Shares of Hyundai Wia (84.11%), SL (75.08%), Sebang Battery (54.57%) and Hyundai Mobis (38.36%) also rose in the new year.
[표] Stock prices of the components of the KRX Automotive Index (January 4 to February 5)┌───────────┬───────┬───────┬─────┐
│ Item name │ Base price of start date │ Close price of end date │ Fluctuation rate (%) │
├───────────┼───────┼───────┼─────┤
│ Hyundai Motor Company │ 192,000│ 249,500│ 29.95│
├───────────┼───────┼───────┼─────┤
│ Kia Motors │ 62,400│ 101,500│ 62.66│
├───────────┼───────┼───────┼─────┤
│ Hyundai Mobis │ 255,500│ 352,500│ 37.96│
├───────────┼───────┼───────┼─────┤
│ Hanon system │ 16,250│ 18,350│ 12.92│
├───────────┼───────┼───────┼─────┤
│ Hankook Tires and Technology│ 39,400.0 45,050│ 14.34│
├───────────┼───────┼───────┼─────┤
│ Command │ 58,800│ 73,500│ 25.00│
├───────────┼───────┼───────┼─────┤
│ Hyundai Wia │ 53,500│ 98,300│ 83.74│
├───────────┼───────┼───────┼─────┤
│ Korea & Company │ 14,650│ 21,450│ 46.42│
├───────────┼───────┼───────┼─────┤
│ Sebang Battery │ 68,900│ 106,500│ 54.57│
├───────────┼───────┼───────┼─────┤
│ SL │ 16,250│ 28,450│ 75.08│
└───────────┴───────┴───────┴─────┘
(Source = Korea Exchange)
The material that has led the recent strength of the auto industry share price is the Apple Car issue.
Earlier in the year, it was announced that Apple had proposed to cooperate with Hyundai Motor Group for the production of autonomous electric vehicles, and the related stocks began to shake in the stock market.
The Hyundai Motor Group side remains in the position that there have been no confirmed details regarding Apple’s auto cooperation, but related reports have been spread in domestic and foreign media.
Recently, there were reports that the negotiations between Hyundai Motor Group and Apple were in the final stage, and that the first Apple car was produced on the basis of the Hyundai Motor Group E-GMP electric vehicle platform.
However, uncertainty has also increased, as reported by Bloomberg News that the discussion between Apple and Hyundai Motor Group about Apple car production has been temporarily suspended.
The good performance of Hyundai Motors and Kia Motors also raised investor sentiment.
The combined sales of the two companies in the fourth quarter of last year were 46.15 trillion won, the highest since the introduction of the new accounting standards (IFRS) in 2010.
The combined operating profit was 2.92 trillion KRW, which recovered to 2 trillion KRW in 18 quarters after the second quarter of 2016.
Moon-soo Jang, a researcher at Hyundai Motor Securities, explained: “As the valuation recovered, the price of shares of cars and parts rose sharply due to the improvement of fundamentals in line with the previously expected performance, the increase of the demand for electric vehicles, the expectations of E-GMP and the expectation of cooperation with global IT companies. “
Furthermore, as the government strives to revitalize the hydrogen economy, as the ‘Hydrogen Economy Promotion and Hydrogen Safety Management Act’ (Hydrogen Law) is expected to expand, the hydrogen electric vehicle market.
Dae-hoon Han, researcher at SK Securities, said: “As market volatility increases, performance and policy momentum are important, so the appeal of the auto industry is high.”
/ yunhap news
