2010년 8월 2일 월요일

WOW! KIA motors

Kia motors which is the affiliate of Hyundai motor posted an increase in quarter profit. I expected to increase values of KIA several years ago when the company was struggling with its growth. In 2008, Stock prices of Kia was around 8000 won (around $7.5) and traded its stock with the lower price. Why I argued that it was right time to buy Kia motors's shares due to replacing its top designer to Ex-Audi Head designer. they hired a head designer from German Auto Maker with high compensation and him as the Head designer of Kia Motor. He did not show its ability to change everything soon after taking the spot, but I assumed that Kia would dominate in its car industry someday. Now! Kia launched several cars and the sales of the cars has been increased over the years.  NOW, Its stock is trading at 30,000 Won ($30) However, I expect the stock is overvalued and it should be around $20 rather than $30.

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