Corporate Logo(source: hyundaielevator.co.kr)
Hyundai Elevator (017800) reached a fresh 52-week high on April 15 amid investor optimism over improved profitability and sustained high dividend payouts.
As of 11:46 a.m. KST, shares of Hyundai Elevator were trading at 67,600 won, up 2,000 won or 3% from the previous session. Earlier in the session, the stock rose as much as 5.18% to 69,000 won, setting a new 52-week high.
The rally follows the release of a report from DS Investment & Securities on April 14 forecasting that the company could achieve record-high profitability within the next two years.
DS Investment & Securities noted, “Over the past three years, prices of key raw materials have fallen 41%, while product prices have risen 50%. Pricing power is beginning to return, marking the start of a turnaround phase.” The firm added, “Weakness in the real estate market is being more than offset by the expansion of maintenance services, which offer margins three times higher than new installations.”
Hyundai Elevator’s high dividend policy has also been cited as a factor supporting its stock price. The firm explained, “Hyundai Holdings’ only affiliate is Hyundai Elevator, and the company has a high reliance on dividends for debt servicing. As such, we believe it is highly likely that the current high dividend policy will be maintained for an extended period.”
*[KOSPI]Hyundai Elevator(017800) operates in the transportation machinery industry, manufacturing, selling, installing, and maintaining elevators, escalators, and moving walkways. Market capitalization is 2.45 trillion won(as of April 14, 2025 closing price).
Hyundai Elevator (017800) reached a fresh 52-week high on April 15 amid investor optimism over improved profitability and sustained high dividend payouts.
As of 11:46 a.m. KST, shares of Hyundai Elevator were trading at 67,600 won, up 2,000 won or 3% from the previous session. Earlier in the session, the stock rose as much as 5.18% to 69,000 won, setting a new 52-week high.
The rally follows the release of a report from DS Investment & Securities on April 14 forecasting that the company could achieve record-high profitability within the next two years.
DS Investment & Securities noted, “Over the past three years, prices of key raw materials have fallen 41%, while product prices have risen 50%. Pricing power is beginning to return, marking the start of a turnaround phase.” The firm added, “Weakness in the real estate market is being more than offset by the expansion of maintenance services, which offer margins three times higher than new installations.”
Hyundai Elevator’s high dividend policy has also been cited as a factor supporting its stock price. The firm explained, “Hyundai Holdings’ only affiliate is Hyundai Elevator, and the company has a high reliance on dividends for debt servicing. As such, we believe it is highly likely that the current high dividend policy will be maintained for an extended period.”
*[KOSPI]Hyundai Elevator(017800) operates in the transportation machinery industry, manufacturing, selling, installing, and maintaining elevators, escalators, and moving walkways. Market capitalization is 2.45 trillion won(as of April 14, 2025 closing price).