PRE-MARKET SOUTH KOREAN STOCKS NEWS: Hyundai Motor (005380 KS) October vehicle sales fell 6.3% Y/Y to 329,773 units, Kia (000270 KS) October vehicle sales rose 10.3% Y/Y to 291,219 units
ORIGINAL · NewsquawkPRE-MARKET SOUTH KOREAN STOCKS NEWS: Hyundai Motor (005380 KS) October vehicle sales fell 6.3% Y/Y to 329,773 units, Kia (000270 KS) October vehicle sales rose 10.3% Y/Y to 291,219 unitsRead originalHide original
Daewoo Engineering & Construction (047040 KS) - Co. requested government mediation in a dispute with South Korea's state-run nuclear power operator over a major nuclear reactor project in the Czech Republic. (Yonhap) Hyundai Motor (005380 KS) - Co. October vehicle sales fell 6.3% Y/Y to 329,773 units, with domestic sales down 8.9% to 49,042 units and overseas sales down 5.9% to 280,731 units, while South Korea's finance minister met with the Co.'s chairman to discuss EV industry policies and tax incentives. (Yonhap) KG Mobility (003620 KS) - Co. October vehicle sales fell 31.3% Y/Y to 6,537 units, with domestic sales down 42.4% to 2,037 units and exports down 24.7% to 4,500 units amid weak demand. (Yonhap) Kia (000270 KS) - Co. October vehicle sales rose 10.3% Y/Y to 291,219 units, driven by strong overseas demand for SUV models. (Yonhap) Korea Aerospace Industries (047810 KS) - Co. delivered its first two FA-50M light combat aircraft to Malaysia under a 2023 contract to supply 18 jets. (Yonhap) POSCO Holdings (005490 KS) - Co. Q3 (KRW) net fell 1.8% Y/Y to 380bln, EBIT rose 47.9% Y/Y to 940bln, rev. rose 10.9% Y/Y to 19.14tln. (Yonhap) Samsung C&T (028260 KS) - Co. acquired engineering, procurement and construction business Powertech in a deal valued at approximately AUD 100mln, seeking to capitalise on growing energy transition demand. (AFR)
The November 2 bulletin reports mixed October automaker sales, POSCO Holdings’ Q3 results, and separate developments involving Daewoo E&C, KAI, Samsung C&T, and Hyundai.
News detail
Daewoo Engineering & Construction (047040 KS) - Co. requested government mediation in a dispute with South Korea's state-run nuclear power operator over a major nuclear reactor project in the Czech Republic. (Yonhap) Hyundai Motor (005380 KS) - Co. October vehicle sales fell 6.3% Y/Y to 329,773 units, with domestic sales down 8.9% to 49,042 units and overseas sales down 5.9% to 280,731 units, while South Korea's finance minister met with the Co.'s chairman to discuss EV industry policies and tax incentives. (Yonhap) KG Mobility (003620 KS) - Co. October vehicle sales fell 31.3% Y/Y to 6,537 units, with domestic sales down 42.4% to 2,037 units and exports down 24.7% to 4,500 units amid weak demand. (Yonhap) Kia (000270 KS) - Co. October vehicle sales rose 10.3% Y/Y to 291,219 units, driven by strong overseas demand for SUV models. (Yonhap) Korea Aerospace Industries (047810 KS) - Co. delivered its first two FA-50M light combat aircraft to Malaysia under a 2023 contract to supply 18 jets. (Yonhap) POSCO Holdings (005490 KS) - Co. Q3 (KRW) net fell 1.8% Y/Y to 380bln, EBIT rose 47.9% Y/Y to 940bln, rev. rose 10.9% Y/Y to 19.14tln. (Yonhap) Samsung C&T (028260 KS) - Co. acquired engineering, procurement and construction business Powertech in a deal valued at approximately AUD 100mln, seeking to capitalise on growing energy transition demand. (AFR)
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