Korea Travel & Tourism: 2020 Set For A Rebound
Long/Short Equity, Deep Value, Growth At A Reasonable Price, Korea
Seeking Alpha Analyst Since 2015
HYUNDAI MOTOR SECURITIES Co., Ltd. is the investment banking arm of the Hyundai Motor Group. It is a Korea-based company specialized in the provision of securities and financial services. The Company mainly engages in the securities dealing and brokerage businesses, covering stocks, futures, options, government bonds, corporate bonds, foreign exchanges and financial derivative products. It also engages in the provision of investment consulting services, Internet banking services, corporate financing services, corporate analysis services, as well as operation of trust business.
Summary
- November outbound travelers down 9% YoY to 2.09mn, marking a fourth month of decline.
- Inbound foreign travellers up 7.9% YoY to 1.45mn in November;
- Hana Tour’s (039130.KS, Marketperform) total customers in November down 5.3% YoY to 460K and its package tour customers down 9.7% YoY; Modetour’s total customers down 1.5% YoY.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: Hyundai Motor Company is a passive shareholder in our bank.