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HYMTF - Hyundai Motor: Watch U.S. Sales Data And Potential India Listing
Hyundai Motor Co. Ltd. Shs Global Deposit Receipts Repr 1/2 Non-Vtg Sh Reg -S
2024-03-07 15:16:02 ET
Summary
Hyundai Motor Company's unit sales for the U.S. market increased by +26.9% MoM and +5.8% YoY in February 2024.
According to media reports, Hyundai is contemplating a listing of the company's Indian operations.
I remain bullish on Hyundai Motor stock, considering the company's encouraging U.S. sales data and the potential valuation re-rating catalyst relating to the Indian IPO.
Elevator Pitch
I have a Buy investment rating for Hyundai Motor Company ( HYMTF ) [005380:KS]. My earlier December 14, 2023, write-up outlined the key positive factors for the stock....