|Bid||39,800.00 x 0|
|Ask||40,000.00 x 0|
|Day's Range||39,200.00 - 40,100.00|
|52 Week Range||38,950.00 - 58,200.00|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||750.00 (1.88%)|
|1y Target Est||59,458.00|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hyundai Steel Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
South Korean conglomerate Hyundai Motor Group shook up its executive ranks on Tuesday and appointed its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire. The reshuffle, first reported by Reuters on Tuesday and confirmed by Hyundai on Wednesday, is part of preparations for generational change in the executive ranks at South Korea's second-largest family-owned business empire. Group President Albert Biermann, a German former BMW executive, was named head of research and development, replacing longtime executives Yang Woong-chul and Kwon Moon-sik.
Moody's Investors Service says that its outlook for the steel industry in Asia in 2019 is stable, based on Moody's assessment of broadly steady profitability for rated steelmakers over the next 12 months. "In 2019, demand for steel in Asia will likely stay at levels similar to that in 2018, indicating a softening from the robust growth seen in 2018," says Kaustubh Chaubal, a Moody's Vice President and Senior Credit Officer. The strong profitability is underpinned by robust demand in South and Southeast Asia, as well as China's capacity cuts and strict environment protection measures.
SEOUL/TOKYO (Reuters) - As much as half of output capacity at some specialty South Korean steelmakers has ground to a standstill as an exemption to U.S. import tariffs they first hailed as a Seoul diplomatic coup turns out to be an quota bottleneck. Production lines are standing idle, people with knowledge of the matter say, even as data shows Japanese steel pipe makers have expanded U.S. exports despite having to cope with 25 percent tariffs. Japanese players have been boosted by offering high-tech pipes for the U.S. oil industry amid an output boom that can't be easily be substituted by U.S. manufacturers, unlike Korean firms' goods.