|Day's Range||146,500.00 - 150,000.00|
|52 Week Range||129,000.00 - 173,000.00|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Hyundai Motor has warned that its business environment will remain challenging in the second half of the year after net profit halved in the quarter that ended in June due to political headwinds in China ...
Hyundai Motor posted its smallest quarterly net profit in five years, falling dismally short of estimates, and warned the second half of 2017 would be challenging as political headwinds hit sales in China and slow U.S. demand continues. The South Korean firm - which together with affiliate Kia Motors is the world's No.5 automaker - has been betting earnings will recover gradually, but its plans have ground to a halt with China's backlash over Seoul's decision to deploy an anti-missile system, the U.S. Terminal High Altitude Area Defence (THAAD), showing no signs of abating. Slower demand in the United States, the automaker's No.2 market after China, has also been taking a toll, a trend the South Korean firm cautioned will persist through the rest of the year with its mainstay Sonata sedans losing ground in a market powered by sport utility vehicles (SUVs).
SEOUL, South Korea (AP) — Hyundai Motor said Wednesday its quarterly profit was halved to its lowest level since 2010 as its auto sales in China and the U.S. plunged as the South Korean automaker paid dearly for lagging in its SUV lineup.