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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hyundai HCN Co.,Ltd.    A126560   KR7126560002

HYUNDAI HCN CO.,LTD.

(A126560)
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Hyundai's U.S. Actions in Response to Coronavirus (COVID-19)

04/27/2020 | 11:17am EST

UPDATE: The safety, health and well-being of Hyundai employees, customers, business partners and the communities where we do business are of the utmost importance during the current coronavirus (COVID-19) global pandemic. Hyundai has established a COVID-19 response team at all affiliated companies to monitor the situation, minimize the risks and prepare for all potential scenarios.

The following is an update on the COVID-19 impact at Hyundai'sU.S. operations and the proactive and preventive measures each operation has taken. This information will be updated in real time.

Hyundai Motor America

Hyundai Hope On Wheels (HHOW) donated $4 million to 22 hospitals throughout the U.S. to support COVID-19 Drive-Thru Testing Centers and 65,000 COVID-19 RT-PCR tests developed by Seegene, a South Korea-based global leader in diagnostics

These grants are designed to combat the coronavirus by providing increased access to testing throughout the nation

Hyundai is the only automaker providing these critical testing capabilities to hospitals, especially in hard-hit cities like New Orleans, Chicago and Detroit

Released a national TV ad, 'Safe Families,' on the donations

For more information visit hyundaihopeonwheels.org

Reinstated the Hyundai Assurance Job Loss Protection program

Hyundai will make up to six months of payments for new owners who lose their jobs due to COVID-19 and have purchased or leased their vehicle between March 14 to April 30, 2020, through Hyundai Motor Finance

For select new purchases through May 4 financed by Hyundai Motor Finance for well-qualified buyers, Hyundai is offering 0% APR financing and deferring payments for 120 days at the customer's request

Current Hyundai Motor Finance customers can defer payments up to three months if they lose their job or face a medically-related hardship before April 30, 2020

Released a TV spot, 'Unpredictable,' on the Assurance Job Loss Protection program

Worldwide extension to June 30, 2020, of warranties expiring between March and June 2020

U.S.Hyundai owners with a 5-year/60,000-mile new-vehicle limited warranty or a 10-year/100,000-mile powertrain limited warranty that is expiring between March and June 2020 will have the warranty coverage extended to June 30, 2020

Hyundai's First Responders Program now includes healthcare professionals and hospital employees (as defined by the U.S. Labor Bureau of Statistics), making them eligible to receive $500 off all-new Hyundai vehicles

Offering a complimentary three-month extension of Hyundai's Blue Link Connected Care service, which includes SOS Emergency Assistance, Enhanced Roadside Assistance and Automatic Collision Notification, for customers with accounts expiring March 20 through the end of May

Hyundai's racing partner, Bryan Herta Autosport, is assembling 3,000 face shields per week that are being delivered to the Indiana National Guard for First Responders

All employees are working from home

In compliance with California Governor Gavin Newsom's 'Safer at Home' order, the Hyundai National Headquarters building in Fountain Valley, CA is closed

Suspended all travel

Providing all full-time employees up to 10 extra days of paid time off for those directly impacted by COVID-19

Offering short-term vehicle leases for employees with college students who can benefit from temporary transportation while they are home during school closures

Distributed the CDC recommendations on preventative measures to reduce the spread of respiratory viruses, including coronavirus, to all employees

Restricting visitors at all Hyundai facilities

Suspended training sessions at all Hyundai Training Centers

Expanded cleaning of Hyundai press fleet vehicles and no-contact vehicle deliveries and pick ups

Cancellation or postponement of company events and programs, including having no audience at the global reveal of the all-new 2021 Elantra on March 17, cancellation of the 2020 Sonata Hybrid media drive program and a dealer recognition trip, among others

The National Salute to America's Heroes (NSAH), presented by Hyundai, one of the country's largest military air and sea shows held each Memorial Day weekend in Miami, was cancelled this year

The NSAH is looking for nominations for four heroes who will be awarded new Hyundai Sonatas on Memorial Day as recognition for their outstanding service

Hyundai Motor Manufacturing Alabama (HMMA)

Extended the suspension of production until May 1 to protect the health and well-being of team members, their families and communities

Production is expected to resume on Monday, May 4

HMMA employees will continue to receive medical, dental and vision benefits during this interruption to vehicle production

Team members may use their paid vacation time or leave during this period

HMMA initially suspended production on March 18, 2020, following a confirmed case of COVID-19 among its workforce

HMMA notified the Alabama Department of Public Health (ADPH) of this case

All team members were informed of the situation

Developed enhanced procedures to provide safe, secure and sanitized workspaces for the approximately 3,000 team members when they return to work

These proactive measures include pre-screening for elevated temperatures, ensuring physical distancing guidelines throughout the facility, expanding cleaning protocols and increasing distribution of health and safety materials

Suspended public tours

As part of the Hyundai Hope On Wheels test donation, HMMA is providing 10,000 COVID-19 RT-PCR tests developed by Seegene to Montgomery and surrounding counties

Donated 450 boxed lunches to nurses, emergency room teams, and intensive care unit teams at Jackson Hospital in Montgomery, Baptist Hospital in Montgomery (South/East), and Baptist Hospital in Prattville on April 9, April 14, and April 16

Hyundai U.S. Dealerships

Participating dealers are offering online purchase and home delivery for new-vehicles and pickup and drop off for service customers

Launched Click to Buy to allow customers to purchase a new Hyundai without leaving the comfort of their home

Contact local dealers to get the latest information on their operations and business hours

Additional cleaning and disinfection of dealer facilities and Hyundai vehicles

Electronic signature authorization for repair approvals and digital communication between the dealer and customer

Hyundai Motor America provided all dealerships the CDC's recommendations and other resources for preventative measures businesses should take to keep their employees and customers safe

Provided dealerships with a variety of financial assistance

Deferred floorplan interest, increased incentives and provided other accommodations for dealers who finance their floorplan with Hyundai Motor Finance

Many dealerships providing support in their local communities, including assistance for healthcare workers serving on the front lines of the COVID-19 response and offering hospitals loaner vehicles

Dealerships closely monitoring the situation in their local market and acting accordingly based on state, county and city ordinances

Contact

Michael Stewart

(714) 887-2495

mstewart@hmausa.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI HCN CO.,LTD. -2.52% 3670 End-of-day quote.-4.80%
HYUNDAI MOTOR COMPANY -4.19% 240000 End-of-day quote.25.00%
SEEGENE INC End-of-day quote.
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Financials
Sales 2020 291 B 0,26 B 0,26 B
Net income 2020 39,4 B 0,04 B 0,04 B
Net cash 2020 414 B 0,38 B 0,38 B
P/E ratio 2020 10,5x
Yield 2020 1,91%
Capitalization 404 B 367 M 367 M
EV / Sales 2020 1 388x
EV / Sales 2021 1 383x
Nbr of Employees 73
Free-Float 31,4%
Chart HYUNDAI HCN CO.,LTD.
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Hyundai HCN Co.,Ltd. Technical Analysis Chart | A126560 | KR7126560002 | MarketScreener
Technical analysis trends HYUNDAI HCN CO.,LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 5 000,00 KRW
Last Close Price 3 670,00 KRW
Spread / Highest target 36,2%
Spread / Average Target 36,2%
Spread / Lowest Target 36,2%
EPS Revisions
Managers and Directors
NameTitle
Sung-Taek Ryu Chief Executive Officer & Director
Yong-Pyo Gong Independent Director
Dong-Su Kim Independent Director
Seung-Kwon Park Independent Director
Young-Sik Yoon Director
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