Combined market value of Hyundai and Kia may exceed $72 billion

Reports revealed that the combined market value of Hyundai Motor and Kia is widely expected to exceed $72 billion.

(100 trillion won) this year, according to industry observers on Sunday.

According to the Korean Yonhap Agency, the combined market value of the two companies is 94.38 trillion won, with the values of Hyundai Motor and its sister unit Kia amounting to 50.23 trillion won and 44.14 trillion won, respectively.

Since the beginning of 2024, Hyundai Motor’s stock price has risen by approximately 16.9%, and Kia’s stock price has risen by 9.8%. Their combined market value exceeded 100 trillion won last month but has declined.

Industry observers expect the market value of the two companies to bounce back to more than 100 trillion won, as the two automakers showed signs of improving sales performance focused on premium models with higher value-added prices, despite the annual decline in the number of vehicles sold during the quarter. the first.

According to a recent analysis by Yonhap Infomax of profit expectations from various financial brokerage firms, Hyundai Motor is expected to announce sales of 39.66 trillion won for the first quarter, an increase of 5% over last year. Kia was expected to report a 4.4% year-on-year increase in sales, worth 24.73 trillion won, in this period.