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Hyundai Motor Group Chairman Chung Eui-sun. (Photo=Hyundai Motor) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Kia, which had been on the rise as one of the leading low-PBR stocks after the announcement of its plan to support the corporate value-up business, surpassed Hyundai Motor's market capitalization, its "brother" in the group, on the 18th.
According to the Korea Exchange, Kia finished trading at 128,000 won, up 2.40% from the previous trading day, ranking fifth (excluding preferred stocks) with a market capitalization of 51.4616 trillion won. On the other hand, Hyundai Motor finished at 242,000 won, down 0.41%, ranking sixth with a market capitalization of 51.2963 trillion won.
Hyundai Motor was fifth and Kia was sixth on the 15th, the previous trading day, but Kia and Hyundai changed their rankings. Kia, which ranked seventh in market capitalization at the end of last year with a market capitalization of around 39 trillion won, has been on the rise this year, raising its market capitalization by more than 12 trillion won. Kia also rose to sixth place in the KOSPI on Jan. 31, but Hyundai has since taken the lead.
According to last year's operating profit ratio, Hyundai Motor recorded 9.3% and Kia recorded a record high of 11.6%. Hyundai Motor Co. and Kia Motors Corp. set aside 8,400 won and 5,400 won, respectively, for their settlement dividends.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
