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 The South Korean auto manufacturer's stock fell almost 1 percent
annually, on average during the past two years, due to slowing
growth, tough competition, and currency fluctuations.
But the stock is posed for a turnaround during the next 12 months,
possibly rising at least 30 percent, Barron's reported.
Barron's said that Hyundai is launching new models and boosting
production to compete with Japanese and U.S. car makers. Their
average yearly gains were 28 percent and 19 percent, respectively,
during the period same two-year period in which Hyundai's stock has
been falling.
Foreign exchange-rate swings, however, remain a wild card, Barron's
said. Emerging-market currencies weakened in recent weeks, which
could help Hyundai. But that could spook foreign investors if the
trend becomes extreme and hurt the stock, Barron's said.
(Reporting by Suzanne Barlyn; editing by Marguerita Choy)
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