Fri, Jul. 1, 6:11 PM
- A series of record-June announcements from automakers today added up to U.S. auto sales marking an overall record for the first six months of the year.
- Sales were up 1.5% to 8.65M units vs. a year-ago 8.5M. June sales rose 2.5% to make up for a May disappointment.
- Most automakers posted gains -- including Ford Motor (F +1.2%), Fiat Chrysler (FCAU +2%), Nissan (OTCPK:NSANY +0.5%), Honda (HMC -0.8%), Hyundai (OTC:HYMLF) and Subaru (OTCPK:FUJHY -1.7%) -- and many set records. Meanwhile, Volkswagen (OTCPK:VLKAY +3.4%), Toyota (TM -0.4%) and General Motors (GM +2.1%) saw declines.
- Overall sales are starting to flatten out after six years of growth, but low gas prices and interest rates are presaging that automakers can hold this level of success for some time.
Dec. 9, 2015, 9:53 AM
- The NHTSA proposes adding new safety categories to its ratings systems with an aim to accelerate technology innovation and integration.
- Safety features such as forward collision warnings, blind-spot alerts, lane departure information, and rear cameras would be part of the ratings system under the changes.
- The push from the regulator could help some auto suppliers such as Delphi Automotive (DLPH +1.4%) and Mobileye (MBLY +2.5%), notes the WSJ.
- Autoliv (ALV +2.1%), WABCO Holdings (WBC +1.5%), Borg Warner (BWA +1.3%), and Meritor (MTOR +1.3%) are all ahead of market averages in early action today, perhaps due to the NHTSA strategy reveal.
- Related auto stocks GM, F, TM, HMC, OTCPK:NSANY, OTCQX:VLKAY, OTCPK:DDAIF, OTCPK:BAMXY, TSLA, TTM, OTC:HYMLF.
Sep. 18, 2014, 7:01 AM
- Shares of Hyundai (OTC:HYMLF, OTC:HYMTF) fell as much as 10% overseas on news the Hyundai/Kia consortium won a ferocious bidding war for a $10B trophy HQ in Seoul’s upmarket Gangnam district.
- Hyundai paid three times the appraised value for the 79K sqm plot; it plans to relocate the group’s headquarters there, and plans to build a hotel and a car theme park.
- Analyst Ko Tae-bong summed up investor sentiment: "The bid price is excessive, which is incomprehensible to investors. Investors had expected Hyundai to use most of its surplus cash for constructive things such as raising dividends or R&D spending. But they are angry to see the group burn cash like this to buy a single property." (FT)
- Kia Motors (OTC:KIMTF) was down 8% on the news.
Jan. 2, 2014, 10:40 AM
- The Korean won's strong performance over the last six months is leading a growing number of analysts to worry Samsung's (SSNLF, SSNGY) Q4 results will miss estimates.
- The company's chip business is especially vulnerable to forex swings, since it relies on dollars for order settlement. BNP Paribas estimates every 1% change in the won/dollar exchange rate hurts the op. profit of Samsung's chip division by 4%.
- Citing exchange rates and (to a lesser extent) margin pressure for Samsung's OLED display business, IBK Investment is now expecting the electronics/display/chip giant to post a Q4 op. profit of KWT9.5T ($9.04B), below a KWT10.3T Thomson Reuters consensus.
- Korean automakers Hyundai (HYMLF -5.1%) and Kia (KIMTF -6.1%) also fell hard in Seoul overnight. South Korea's benchmark KOSPI index fell 2.2%.
- Korean ETFs: EWY, FKO, KORU, KORZ, DXKW
Apr. 24, 2012, 11:07 AM
Currently, there's no company description for HYMLF.
Sector: Consumer Goods
Industry: Trucks & Other Vehicles