Kia’s operating profit for the first quarter surpassed estimated predictions, hitting 3.43 trillion won compared to the estimated 2.72 trillion won.
The company’s net income also came in above projections, registering 2.81 trillion won instead of the estimated 2.21 trillion won.
Kia’s sales for the first quarter exceeded estimates too, reaching 26.21 trillion won, compared to the projected 24.76 trillion won.
The company’s performance elicited positive response from the majority of players in the market, receiving 31 buy ratings and just 2 hold ratings, with no sell ratings.
Kia Corp on Smartkarma
On Smartkarma, analyst Brian Freitas provides insights into Kia Corp‘s potential inclusion in the FnGuide Top10 Equal Weight Index. According to the research report, Kia Corp may replace Posco Future M in the index during the December rebalance, reversing a previous change. The report highlights that there is a favorable opportunity to buy into Kia Corp with 0.4x ADV, while selling in Posco Future M is expected to be smaller. The analysis also mentions the Samsung KODEX Fn Top10 Equal Weight ETF, which tracks the FnGuide Top 10 Index and has an AUM of US$264m.
Brian Freitas‘ research points towards a bullish sentiment regarding Kia Corp‘s potential position in the index, signaling positive expectations for the company’s performance. The report anticipates active buying interest in Kia Corp during the rebalance period, emphasizing the shifting dynamics within the index components. With detailed insights on the rebalancing scenarios and expected trading volumes for the respective stocks, this analysis on Smartkarma provides valuable information for investors following developments in Kia Corp and the broader equity markets.
A look at Kia Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using Smartkarma’s Smart Scores have given Kia Corp a positive long-term outlook based on its strong performance across various factors. With high scores in Value, Dividend, Growth, Resilience, and Momentum, Kia Corp is positioned favorably for the future. The company’s robust value, consistent dividend payouts, solid growth prospects, resilience in challenging market conditions, and positive momentum indicate a promising trajectory for investors.
Kia Corporation, a leading manufacturer of passenger cars, mini-buses, trucks, and commercial vehicles, is also involved in the production of auto-parts and tools utilizing hybrid electric and fuel cell technology. Operating on a global scale, Kia’s diverse product offering and focus on innovative technologies contribute to its overall positive Smart Scores and outlook for sustained success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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