Hyundai Motor Shares May Have Priced in U.S. Tariff Concerns -- Market Talk

Dow Jones

Dec 19, 2024

0510 GMT - Hyundai Motor's shares may have already priced in most investor concerns over potential U.S. tariffs in 2025, Citigroup analyst Paul Hwang writes in a note. The South Korean automaker's stock has declined 27% since July 1, Hwang says. New U.S. tariffs could result in an estimated earnings drag of KRW1.5 trillion, or 10% of Hyundai's projected 2025 operating profit, he notes. The company could also face a tougher EU rule on automotive carbon dioxide emissions, potentially incurring an estimated KRW599 billion penalty, or 0.4% of its annual operating profit, he adds. Citi resumes coverage of the stock with a buy rating and a KRW270,000 target price. Shares are 2.1% lower at KRW212,000. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

December 19, 2024 00:10 ET (05:10 GMT)

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The South Korean automaker's stock has declined 27% since July 1, Hwang says. New U.S. tariffs could result in an estimated earnings drag of KRW1.5 trillion, or 10% of Hyundai's projected 2025 operating profit, he notes. The company could also face a tougher EU rule on automotive carbon dioxide emissions, potentially incurring an estimated KRW599 billion penalty, or 0.4% of its annual operating profit, he adds. Citi resumes coverage of the stock with a buy rating and a KRW270,000 target price. Shares are 2.1% lower at KRW212,000. 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The South Korean automaker's stock has declined 27% since July 1, Hwang says. New U.S. tariffs could result in an estimated earnings drag of KRW1.5 trillion, or 10% of Hyundai's projected 2025 operating profit, he notes. The company could also face a tougher EU rule on automotive carbon dioxide emissions, potentially incurring an estimated KRW599 billion penalty, or 0.4% of its annual operating profit, he adds. Citi resumes coverage of the stock with a buy rating and a KRW270,000 target price. Shares are 2.1% lower at KRW212,000. (kwanwoo.jun@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 19, 2024 00:10 ET (05:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HYMLY","symbol_name":"Hyundai Motor Co., Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492311333","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492311333","pubTimestamp":1734585000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0510 GMT - Hyundai Motor's shares may have already priced in most investor concerns over potential U.S. tariffs in 2025, Citigroup analyst Paul Hwang writes in a note. The South Korean automaker's stock has declined 27% since July 1, Hwang says. New U.S. tariffs could result in an estimated earnings drag of KRW1.5 trillion, or 10% of Hyundai's projected 2025 operating profit, he notes. The company could also face a tougher EU rule on automotive carbon dioxide emissions, potentially incurring an estimated KRW599 billion penalty, or 0.4% of its annual operating profit, he adds. Citi resumes coverage of the stock with a buy rating and a KRW270,000 target price. Shares are 2.1% lower at KRW212,000. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HYMLY":"Hyundai Motor Co., Ltd."},"translate_title":"现代汽车股价可能已经消化了美国关税担忧——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HYMLY":0.9},"content_text":"0510 GMT - Hyundai Motor's shares may have already priced in most investor concerns over potential U.S. tariffs in 2025, Citigroup analyst Paul Hwang writes in a note. The South Korean automaker's stock has declined 27% since July 1, Hwang says. New U.S. tariffs could result in an estimated earnings drag of KRW1.5 trillion, or 10% of Hyundai's projected 2025 operating profit, he notes. The company could also face a tougher EU rule on automotive carbon dioxide emissions, potentially incurring an estimated KRW599 billion penalty, or 0.4% of its annual operating profit, he adds. Citi resumes coverage of the stock with a buy rating and a KRW270,000 target price. Shares are 2.1% lower at KRW212,000. (kwanwoo.jun@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 19, 2024 00:10 ET (05:10 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}