Most Popular
-
1
Ador claims exclusive contracts with NewJeans still valid
-
2
Heavy, wet snow to fall more often this winter
-
3
SNU professors join growing movement calling for Yoon's resignation
-
4
Presidential office criticizes opposition-led state auditor, prosecutor impeachment motions
-
5
N. Korea launches 32nd wave of trash balloons, anti-S. Korea leaflets
-
6
‘NewJeans are no longer under Ador,’ says legal expert
-
7
[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea
![[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/29/20241129050068_0.jpg&u=)
-
8
NewJeans leave for Japan shows day after unilaterally terminating contract with Ador
-
9
Will Min Hee-jin reunite with NewJeans?
-
10
Son Heung-min scores penalty in Europa League draw vs. Roma
![[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/29/20241129050068_0.jpg&u=)
Chip dearth forecast to have limited impact on automakers' profit
By YonhapPublished : Sept. 23, 2021 - 09:27
A global shortage of chips used in autos is expected to have a limited impact on third-quarter earnings of South Korea's top two carmakers Hyundai Motor Co. and Kia Corp., a market tracker said Thursday.
The market consensus for Hyundai's operating profit amounts to 1.78 trillion won ($1.51 billion) for the July-September period, according to an analysis by Yonhap Infomax, the financial news arm of Yonhap.
Yonhap Infomax has analyzed earnings forecasts for the leading automakers, which 17 local securities companies have presented in the past two months.
The estimate is slightly lower than the average forecast of about 1.8 trillion won, which has been made by 20 brokerage houses in the last three months.
According to Yonhap Infomax, 19 brokerage houses have forecast Kia's operating profit to reach 1.37 trillion won for the third quarter, also a tad lower than the previous estimate.
The slight fall in the outlooks for third-quarter operating income of Hyundai and Kia comes amid the shutdown of Unisem, a leading semiconductor equipment manufacturer of Malaysia, due to concerns over the spread of the new coronavirus.
The ensuing worldwide shortage of chips has caused Hyundai and Kia, the flagships of South Korean automaking giant Hyundai Motor Group, to suffer 70,000 units and 60,000 units, respectively, in lost output in the first half of the year alone. (Yonhap)
The market consensus for Hyundai's operating profit amounts to 1.78 trillion won ($1.51 billion) for the July-September period, according to an analysis by Yonhap Infomax, the financial news arm of Yonhap.
Yonhap Infomax has analyzed earnings forecasts for the leading automakers, which 17 local securities companies have presented in the past two months.
The estimate is slightly lower than the average forecast of about 1.8 trillion won, which has been made by 20 brokerage houses in the last three months.
According to Yonhap Infomax, 19 brokerage houses have forecast Kia's operating profit to reach 1.37 trillion won for the third quarter, also a tad lower than the previous estimate.
The slight fall in the outlooks for third-quarter operating income of Hyundai and Kia comes amid the shutdown of Unisem, a leading semiconductor equipment manufacturer of Malaysia, due to concerns over the spread of the new coronavirus.
The ensuing worldwide shortage of chips has caused Hyundai and Kia, the flagships of South Korean automaking giant Hyundai Motor Group, to suffer 70,000 units and 60,000 units, respectively, in lost output in the first half of the year alone. (Yonhap)
