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Hyundaimotorco

Hyundai Motors Set to Fall After Disappointing Quarterly ResultsHyundai Motor India reported a 19% year-on-year (YoY) decline in its consolidated net profit for the December quarter. The profit stood at Rs 1,161 crore, compared to Rs 1,425 crore during the same period last year. This decline was attributed to lower domestic sales and exports. As the stock has been recently listed, there isn't much historical data available for technical analysis. However, it has broken the previous closing low of Rs 1,635, which suggests that we can expect further declines, potentially leading to weaker results.
NSE:HYUNDAIShort
by Kartik_Elkunchwar
AERGO/BTC - 1W - Fib & S/R Aergo is something you want to accumalate with strong FA. From 2021 til now it has been in a range with large impulses throughout the period, Despite the bearish period it has managed to retain its value in comparion to many other cryptos in the bear market. The FA is strong with this on though, if like the future of South Korea then they are in line with the success of Aergo. Samsung Electronics backs Blocko, the company behind Aergo, while the project focuses on cloud computing and dapps. Aergo provides large-scale business clients with blockchain solutions such as corporate apps and closed private blockchain networks and some of its key clients are Hyundai Motors and Korea Exchange.
A
by mrpurplenice
55 % chance - HYUNDAI share price analysisHello everyone, Today I am taking a look at the Hyundai chart. The situation is not acute at the moment, but for the watchlist. - Hyundai was able to overcome important resistances with the last rally. - I expect a further positive development in the medium term. - The share price is currently in a correction - For a possible entry, the price still has to fall by approx. 25%. The plan - Entry at the golden pocket of the last rally - Support is provided by the MA200 - The buy zone is extended by the horizontal support of the horizontal support zone - The possible entry seems almost too good to be true. However, if the corresponding zone is not approached, I will not open a position here. Buy zone: 31.8 - 29.4 points Target zone: 49 points With this in mind, Good luck & Keep it simple! Max
HLong
by CRV_Trader
Hyundai Workers on Lowest BonusesThe unionized workers of Hyundai Motor Co. in South Korea on Monday voted to accept the lowest bonus given in almost two decades. And this was due to the widespread restructuring in the auto industry and the harmful trade war with Japan. On Tuesday, Hyundai announced the approval. And the firm successfully avoided a walkout by workers for the very first time in eight years. Aside from that, in all but four years since the creation of union in 1987, South Korean workers of Hyundai have staged strikes. As a result, it had drawn media and public criticism for threatening to walk out even though they have a relatively high annual wage of 92 million won or $75,866, on average as of 2018. And this does not yet include benefits and job security. In addition to that, the deal happened at the same time with tightened export curbs by Japan’s warning to damage Asia’s fourth-biggest economy. And this weighs on the auto industry who’s already struggling with production cuts. Also, it was facing job losses due to a slowdown in exports to the United States, Europe, and other countries. Hyundai and Other Automakers Meanwhile, U.S. automaker General Motors Co. closed one of its South Korean factories and reduced headcounts last year. And also, Renault’s South Korean unit is preparing for possible production cuts. Then, South Korea accounts for 37% of Hyundai Motor’s total production as of last year. And the automaker reduced its exposure to domestic production in favor of overseas output. Moreover, other automakers are bracing for intense annual wage negotiations. And this year, GM wants to freeze a base wage for two consecutive years. But South Korean union opposed to this plan saying it could cause a full strike this month. Also, Renault Samsung plans to cut production starting next month.
KRX:005380
by Financebroker