Hyundai Motor Shares Fall 53% From June Peak as Brokerages Cut Targets

Hyundai Motor shares closed at 366,500 won on September 18, 53% below the intraday high of 783,000 won on June 1. Brokerages cut targets: Samsung Securities from 600,000 to 500,000 won, NH Investment from 760,000 to 620,000 won. Reasons include weak results, a Q3 strike, and a stronger won.

• Shares fell from 783,000 to 366,500 won in three and a half months
• Samsung Securities cut target to 500,000 won, lowest among brokers
• Average target price fell from 900,000 to 667,222 won over the month
• Over 40% of trading volume concentrated above 600,000 won