We can conclude now that aea can at least count to 11.
Hyundai Motor (005380.Korea) fell another 2.9% this morning after slumping 9.4% yesterday.
Investors are throwing in the towel. Hyundai is now trading at only 0.58 times book, near the 2008 global crisis low of 0.56 times, even though its return on equity is estimated at 11% versus 7.5% in 2008.
Triggering the sell-off is Hyundai’s announcement that its global retail sales last month fell 6% from a year ago.
The decline was broad-based. Shipments in the US fell 10% year-on-year, while General Motors (GM) reported a 3% increase and Ford Motor (F) posted a small 1.3% drop.
In China, Hyundai’s shipment dipped 9%.
Even in its domestic market, Hyundai did poorly, reporting a 8% drop.
Samsung is next! Design your own products and quit Copying!!
Just burning off call options that the idiot crowd has rushed into.
Everyday.... ppl kising $ goodbye
and it is well deserved.
CAD software demand is not growing at a rate to warrant 10xsales... the company is valued much higher than the general market. I dont really see the growth to justify it....
Hedgies need your money!!