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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Hyundai Motor Co    A005380   KR7005380001

HYUNDAI MOTOR CO

(A005380)
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Hyundai Motor : may raise stake in China joint venture

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10/22/2019 | 12:00am EST
A Hyundai Motor's Grandeur is displayed at a Hyundai Motorstudio in Goyang

SEOUL (Reuters) - Hyundai Motor said on Tuesday it was considering raising its stake in its underperforming truck joint venture in China, potentially joining other foreign automakers in boosting ownership in the world's biggest car market.

Sichuan Hyundai Motor is Hyundai's only commercial car venture in China that makes cargo trucks and buses.

Beijing relaxed rules last year on foreign firms controlling any Chinese automakers or joint venture, removing caps on those making fully electric and plug-in hybrid vehicles. Limits on commercial vehicle makers ease in 2020, and by 2022 for the wider car market.

Hyundai is reviewing various plans to strengthen the joint venture's competitiveness in changing market conditions in China, the firm said in an emailed statement, without elaborating.

Volkswagen AG is exploring the prospect of buying a big stake in its Chinese electric vehicle joint venture partner, sources have told Reuters, while BMW has agreed to buy control of its main joint venture in China.

Sichuan Hyundai Motor is jointly owned by Hyundai and China's Sichuan Nanjun Automotive Group, with a stake of 50% each.

The Sichuan joint venture, which started operations in 2013, produced 12,228 commercial vehicles last year, down by more than half from 28,786.

That means that their production facilities are heavily under utilised given that they have a capacity of making 160,000 trucks and 10,000 buses a year.

(Reporting by Ju-min Park and Hyunjoo Jin; Editing by Clarence Fernandez and Jacqueine Wong)

Stocks treated in this article : Volkswagen AG, Hyundai Motor Co
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI MOTOR CO End-of-day quote.
VOLKSWAGEN AG -0.10% 181.5 Delayed Quote.30.65%
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Financials (KRW)
Sales 2019 105 089 B
EBIT 2019 3 597 B
Net income 2019 3 192 B
Debt 2019 49 047 B
Yield 2019 3,37%
P/E ratio 2019 9,60x
P/E ratio 2020 7,39x
EV / Sales2019 257x
EV / Sales2020 250x
Capitalization 26 932 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 163 440,00  KRW
Last Close Price 123 500,00  KRW
Spread / Highest target 49,8%
Spread / Average Target 32,3%
Spread / Lowest Target -24,7%
EPS Revisions
Managers
NameTitle
Mong-Koo Chung Chairman & Co-Chief Executive Officer
Won-Hui Lee Co-President, Co-CEO & Director
José Munoz Global Chief Operating Officer
Byeong-Cheol Choi Chief Financial Officer
Moon-Sik Kwon Vice Chairman-Executive Board, Head-R&D
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