FINCIAL POSITION OF THE COMPANY

IMPORTANT RATIOS IN THE LAST FIVE

YEARS
 STOCK MARKET HISTORY

 Hyundai Stock has been falling every year until march 2o2o and swapped
preferred stock for common stock in January , in view of their similar
performance and the much greater liquidity of common stock.
 The coverage price ws 112.000 Korean won. Between the end of march and the
end of July the stock price rose by 157% in just three months to 18000 won .
 They sold their position with an accumulated performance of 53%equivalent to
an annual interval rate of return of 9.8% over these almost five years.
 DIVIDENDS & SPLITS

Forward annual dividend rate 4 1.36

Forward annual dividend yield 4 2.82%

Trailing annual dividend rate 3 3,000.00

Trailing annual dividend yield 3 6,208.61%

5-year average dividend yield 4 N/A

Payout ratio 4 0.00%
Dividend date 3 N/A
Ex-dividend date 4 29-Dec-2020
Last split factor 2 N/A
Last split date 3
 BONUS SHARES OF HYUNDAI

• Hyundai Construction Equipment (267270 KS) announced 1:1 bonus issue last Friday.
That is, the company will offer a total 9,824,498 new shares to the existing
shareholders at a 1:1 ratio.
• This event wouldn't be a pure arb play. However, you are willing to take a little bit of
risk by betting on 'general tendencies', then you will find an interesting trading point.
One of the general tendencies that we may want to look into is that the price has often
given a 3~8% yield on the ex-rights day.
• Hyundai CE's previous bonus issue (last November) gave a 4~6% trading yield. Trade
set-up is clear and straightforward. You buy Hyundai CE shares on the day prior to the
ex-rights day and sell your shares AND short another Hyundai CE shares (for your
bonus shares) to fix your yield on the ex-rights day.