Daily BriefsSouth Korea

Daily Brief South Korea: HD Hyundai and more

In today’s briefing:

  • Asian Dividend Gems: HD Hyundai


Asian Dividend Gems: HD Hyundai

By Douglas Kim

  • On 10 November, it was announced that Ki-Sun Chung was promoted to Vice Chairman which could signal more positive news flow on HD Hyundai in the coming months.
  • The consensus expects DPS of 4,200 won for HD Hyundai in 2023, which suggests a dividend yield of 7.1%. HD Hyundai has one of the highest dividend yields in KOSPI200.
  • According to our NAV analysis, it suggests a base case valuation of 71,970 won per share for HD Hyundai, representing a 22% upside from current levels.

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