HYMTF - Many Things To Like About Hyundai Motor
2024-06-13 06:44:40 ET
Summary
- Hyundai Motor could possibly make shareholder value enhancement moves like raising the dividend payout ratio or divesting non-core investments.
- HYMTF and its Korean automotive peers might benefit from new European tariffs for China's Electric Vehicles or EVs.
- The company's latest monthly sales performance in the US market was excellent, which indicates that its ongoing pivot towards SUVs (Sports Utility Vehicles) has delivered results.
- I retain a Buy rating for Hyundai Motor stock, as I think the stock is an attractive investment taking into consideration the latest favorable developments.
Elevator Pitch
My rating for Hyundai Motor Company ( HYMTF ) [005380:KS] stays as a Buy.
I previously wrote about HYMTF's India business IPO and the company's February 2024 US sales numbers in my March 7, 2024 article . My current write-up focuses on recent market and corporate developments, which have favorable read-throughs for Hyundai Motor and justify a Buy rating for the stock. HYMTF's key positives include the growing emphasis on shareholder value creation for Korean companies, the recently announced tariffs on China's Electric Vehicle or EV exports to Europe, and the company's strong May 2024 unit sales growth in the US....
Many Things To Like About Hyundai Motor