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[Alpha Biz=(Chicago) Reporter Paul Lee] Samsung Securities raised Kia's target stock price. The company said it will raise its target share price return ratio six times from the previous five times over the past three years due to increased performance and guidance.
"The number of sales fell short due to lack of semiconductors and war, but we have all achieved sales growth rate, profitability and shareholder returns. In January, global and U.S. sales are strong enough to achieve guidance this year," Samsung Securities said on the 5th.
Samsung Securities expects Kia's operating profit to rise 6% year-on-year this year. It is 9.6% higher than the FnGuide Consensus.
As a result, Kia's target stock price also rose 20.8 percent to 145,000 won from the previous 120,000 won.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
