The listed company Hyundai Elevator is showing strength in early trading on the 13th. This is attributed to a surge in buying following news of its plan to enhance corporate value.
As of 9:21 a.m. on this day, Hyundai Elevator is trading at 54,200 won, up 3,800 won (7.54%) from the previous trading day.
During the previous day's session, Hyundai Elevator announced its goal to achieve a return on equity (ROE) of 15% and a shareholder return rate of 50% by 2027. The company plans to raise its ROE through securing profitability and increase the price-earnings ratio (PER) to achieve a price-to-book ratio (PBR) of 2 times.
A Hyundai Elevator official noted, "This is a measure the company is actively implementing in line with the 'corporate governance policy for enhancing shareholder value' announced last November. We will proactively participate in the value-up program encouraged by the government and actively pursue efforts to enhance management transparency and shareholder value."