|Bid||165,000.00 x 0|
|Ask||165,500.00 x 0|
|Day's Range||165,500.00 - 171,000.00|
|52 Week Range||165,500.00 - 268,500.00|
|Beta (5Y Monthly)||0.46|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2020 - Apr 29, 2020|
|Forward Dividend & Yield||4,000.00 (2.36%)|
|Ex-Dividend Date||Dec 27, 2019|
|1y Target Est||253,462.00|
Moody's Investors Service has today placed the ratings of four Chinese and Korean Automotive parts suppliers under review for downgrade. The four companies are Hyundai Mobis Co., Ltd., Johnson Electric Holdings Limited, Nexteer Automotive Group Limited, and Yanfeng Global Automotive Interior Systems Co., Ltd. A full list of the affected ratings can be found at the end of this press release.
Hyundai Mobis said on March 26 that the company is concentrating on enhancing the reliability of new safety devices like the roof airbag and is planning to leverage its differentiated technology to take on the global market.
Hyundai Mobis (KRX:012330) said on March 22 that it successfully developed the system for detecting rear-seat passengers with a 'radar' (ROA, Rear Occupant Alert), and it is planning to propose the system to global automakers.
Hyundai Mobis (KRX:012330) has entered the market for windshield HUD (Head-up display), a cutting-edge system used to allow a driver to view driving data easily so that they can drive more safely and conveniently. HUD is a system that presents data on the windshield in front of the driver's seat, and the company's HUD product was first equipped to the recently released Genesis GV80 SUV model.
Russian technology start-up Cognitive Pilot, which makes components for driverless vehicles, is considering an initial public offering (IPO) after 2023, its chief executive told Reuters. Cognitive Pilot develops components for self-driving cars as well as autonomous control systems for agricultural machinery, trains and trams. It lists state rail operator Russian Railways, farming conglomerate Rusagro and South Korean auto parts maker Hyundai Mobis among its clients.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Hyundai Mobis Co., Ltd. Hong Kong, February 05, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Hyundai Mobis Co., Ltd. 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.
Elliott Management sold all its shares in Hyundai Motor Group companies last year after it was thwarted in its campaign for huge special dividends and board seats, South Korean media reported. Hyundai Motor also declined to comment. Elliott held more than $1 billion worth of shares in Hyundai Motor , Kia Motors and Hyundai Mobis , an Elliott unit said in April 2018.
Moody's Investors Service says that the proposed joint venture (JV) between Hyundai Motor group entities and Aptiv Plc (Baa2 stable) to develop autonomous driving is credit positive for the three affected group companies, namely Hyundai Motor Company (Baa1 negative), Kia Motors Corporation (Baa1 negative) and Hyundai Mobis Co., Ltd. (Baa1 negative). "The proposed JV with Aptiv will provide the Hyundai Motor group companies earlier access to level 4 and 5 autonomous driving technologies, with the potential for accelerated commercialization of such products," says Wan Hee Yoo, a Moody's Vice President and Senior Credit Officer.
South Korean automaker Hyundai Motor Co and Chinese technology firm Tencent Holdings have signed a preliminary deal to develop software for driverless vehicles, South Korea's Maeil Business Newspaper reported on Saturday. Both companies plan to conduct joint research and development on safety and security systems for self-driving cars, which Hyundai seeks to roll out commercially by 2030, the report, which cited unnamed industry sources, said. The agreement was signed on the sidelines of a business forum held in Seoul on Thursday by the South Korean government and China's Guangdong province, it said.