Foreign investors drawn to Hyundai and affiliates

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Foreign investors drawn to Hyundai and affiliates

Foreign investors are responsible for 40 percent of the net shares purchased in Hyundai Motor and its affiliates this year, data showed yesterday.

According to the Korea Exchange, Hyundai Motor, Kia Motors and two other affiliates were among a basket of the 20 most-favored listed firms among foreign investors, taking up 5.6 trillion won ($5.2 billion) of the combined net purchase of 14.3 trillion won.

Overseas investors bought a net 2.05 trillion won worth of shares in Hyundai Motor, the country’s top carmaker, and 2.04 trillion won in its smaller affiliate Kia Motors.

They also made a 1.1 trillion won purchase of Hyundai Mobis, Korea’s top auto parts maker and spend 444 billion won on Hyundai Wia, the No. 2 industry player, the data indicated.
Hyundai Motor Group claimed nearly 90 percent of the domestic market for premium sedans in September, industry figures show.

Meanwhile, Samsung Group, the country’s top conglomerate, accounted for 15.2 percent of foreign investors’ combined net buying in the basket with 2.1 trillion won. Its electronics component affiliate, Samsung Electro-Mechanics, took the lead based on a net purchase of 481 billion won, the data showed.

Three affiliates of SK Group, Korea’s third-largest conglomerate, were also included in the basket of the top 20 most-bought shares, taking up 14.7 percent of the net purchase.

Institutions were net buyers in diverse sectors from technology to carmakers, boasting a broad portfolio.

Among their 20 most-favored listed firms, affiliates of Samsung Group accounted for 27.5 percent, while LG Group took up 14.9 percent. GS Group and Hyundai Motor Group held comparable figures of 9.2 percent and 8.9 percent, respectively.

Institutions purchased a net 1.6 trillion won worth of shares in Samsung Electronics, followed by NHN, the country’s leading Internet portal service provider, with 1.1 trillion won. LG Electronics held a comparable figure of 949 billion won.

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