Hyundai Motor and Kia Motors'
combined global production is
expected to hit a record high in December, analysts said.
Lee
Myung-hoon, an analyst at HMC Investment & Securities, said Monday that Hyundai and Kia Motors' global productions have
grown 18.6 and 15.6 percent year on year, to record the largest monthly output
ever.
"The
local factories are running to the maximum capacity. Following those companies'
annual wage talks ended, weekend extra working hours have expanded," Lee
said.
"Chinese
factories, whose production
capacity has risen at the beginning of this year, are also revving up the production since Hyundai's ix25 compact SUVs
and Kia's K4 sedans continue to enjoy sales hikes following their
launches," he added.
The
ix25 was launched in October and K3 in September in China.
Lee
said that companies' accumulated annual production will hit 8.1
million this year, up 5.8 percent.
The
number will reach 8.3 million units next year, a 3.7 percent increase
year-on-year, according to the analyst.
"In
2016, when Kia's Mexico plant starts running, their global production will make a
conspicuous jump again," he said.
He also
said the company will post stronger performance in the fourth quarter and next
year, as the won's fall against the dollar will positively affect the company's
profits.
The
won's weakness makes the company's exports cheaper in overseas markets compared
to its rivals.
Hyundai's price-to-earnings
ratio in 2015 has been estimated at 5.6, while that of Kia has been forecast at
5.8.
No comments:
Post a Comment