- Hyundai GF Holdings reported a significant increase in operating profit, reaching 74.4 billion won in Q2 2024.
- This is a notable improvement compared to 11.2 billion won from the same period last year.
- Analysts had estimated an operating profit of 75 billion won.
- Net profit saw an even more remarkable increase, reaching 459.5 billion won, significantly higher than the 11.7 billion won recorded last year.
- The net profit estimate by analysts was 63 billion won.
- Sales for Q2 2024 were 2.08 trillion won, up from 527.0 billion won in the same period last year.
- This sales figure also exceeded analysts’ estimate of 2.02 trillion won.
- Hyundai GF Holdings shares rose by 4%, reaching 4,375 won with 121,765 shares traded.
- There were 2 buy ratings, with no hold or sell ratings on the stock.
- Comparisons to past results are based on values reported by the company’s original disclosures.
A look at GF Securities (A) Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
GF Securities (A) is projected to have a promising long-term outlook according to the Smartkarma Smart Scores. With a top rating in Value and solid scores in Dividend and Momentum, the company is positioned well in terms of financial strength and market performance. While Growth and Resilience scores are decent but not as high as the others, overall, GF Securities (A) seems to have a strong foundation for future success.
GF Securities Co Ltd. is a reputable securities firm providing a range of investment banking services such as underwriting, mergers and acquisitions consulting, brokerage services, and asset management. With its high Value and Dividend scores, along with the positive Momentum rating, GF Securities (A) appears to be well-positioned for growth and stability in the long run, making it an attractive prospect for investors seeking a potentially rewarding opportunity in the financial services sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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