Input 2021.02.11 06:00
According to the financial investment industry and the Korea Exchange on the 10th, Kia Motors ranked second in the personal net buying item on the 8th-10th. Individuals swept up Kia Motors worth 29.87 billion won (3369,000 shares). Hyundai Mobis ranked third and net bought 18,883 billion won (586800 shares). As for the individual, Hyundai Glovis also bought 6,589 billion won (324900 shares, 6th place) worth.
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But the plunge was short. Hyundai Motor Company also rose on the 10th following the 9th. Kia Motors also rose on the 10th. Ant took the stock price adjustment as an opportunity to buy stocks at a cheaper price and started buying more.
Ant’s Apple Dream is ongoing. Inside and outside the market, it is predicted that when the rumors of cooperation subsides, Hyundai Motor Group and Apple will proceed with negotiations under water.
A positive interpretation was also raised regarding the disclosure contents of Hyundai and Kia. They do not discuss the development of autonomous vehicles, but Apple can use only the Hyundai Motor Group’s electric vehicle platform in the future, or focus on the production of simple electric vehicles. However, in the related automobile and securities industry, the view that’Hyundai Motor wouldn’t have played such a pun’ prevails.
In the meantime, there have been reports that Hyundai Motor Company is still Apple’s leading partner. On the 9th (local time), Apple Insider cited the investment bank’s Weatherbush report, saying that Apple will officially announce its i-car manufacturing partner in the first half of the year, and reported that Hyundai or Volkswagen will become a partner. The report said that negotiations between Apple and Hyundai Motor Company were temporarily suspended, but Hyundai Motor’s electric vehicle platform E-GMP is still a good option for Apple.
Lee Jae-il, a researcher at Eugene Investment & Securities, said, “E-GMP is a design platform in which Hyundai Motor Group’s electric vehicle-related technology is concentrated.” “Currently, among global OEMs, few companies have developed their own electric vehicle platform and applied it to mass production. It is expected to be a significant barrier to entry.
Kim Jin-woo, a researcher at Korea Investment & Securities, said, “Through this Apple car issue, Hyundai Motor Group’s global status has expanded, and this is expected to remain even if discussions on Apple cars are stopped. While the Hyundai Motor Group is increasing multiples one by one by reinforcing future car competitiveness, The Apple Car became the catalyst, so that point was accelerated.” Multiple is a weight given by investors to a company’s future value, and usually refers to a price-earnings ratio (PER) indicator. Researcher Kim analyzed, “It is estimated that Apple did not actually have problems with the quality and technology of Hyundai Motors and Kia.”
There is also a scenario in which Apple cooperates with Japanese automakers. However, as Japanese cars are currently lagging behind the electric car competition, the possibility of realization is small. Nissan, Toyota, and Mitsubishi, which are said to be among the top three electric vehicles in Japan in the first to third quarters of last year, failed to enter the top 10 global electric vehicle sales by car brand. On the other hand, Hyundai and Kia Motors ranked in the top 4 (Hyundai Motors 9th and Kia Motors 10th).
There are voices of concern over individual investors’ purchase of Hyundai Motor Group stocks. An official in the financial investment industry who requested anonymity advised, “The stock price tends to increase for a short period of time leaning on Apple Cars,” and advised, “Looking at the future of not only Apple Cars, but overall electric and self-driving cars, we should make reasonable investments.” .
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