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Dec 09, 2024 18:02
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Hyundai Q3 Results Shake Market Expectations

Hyundai's Q3 results reveal impressive sales of 42.9 trillion won, but operating profit has slipped. Despite strong Genesis and hybrid performance, macroeconomic factors are impacting stock prices, causing unexpected declines. Stay tuned as Hyundai faces market challenges.
(p1) Yesterday, shortly after the Hyundai Motor Shorts video, the Q3 results were released today.
(p2) The Q3 results show sales of 42.9 trillion won and an operating profit of 3.6 trillion won. This is very strong, but it has decreased somewhat compared to the previous quarter.
(p3) Sales continue to be driven by Genesis and hybrids, while the operating profit was impacted by provisions and other onetime issues.
(p4) However, the stock market always moves differently than expected. It is in a sharp decline right after the good news. It seems to be affected by macroeconomic factors as well.
(p5) Meanwhile, the market capitalization of Hyundai in India is approaching half that of Hyundai Motor headquarters. Major companies like LG and CJ are reportedly preparing to list on the Indian market as well. Its really unfortunate that such good news is not reflected in the stock price.
(p6) Hyundai Motor is expected to be shaken for a while due to macro factors. Thank you.
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