Kia 2005 Annual Report Download - page 121

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121
2005 Annual Report
KIA MOTORS SHARE PRICE IN 2005
28,000
26,000
24,000
22,000
20,000
18,000
16,000
14,000
12,000
10,000 800p
1,000p
1,200p
1,400p
8,000
95
105
115
125
135
145
Low (Jan. 6)
10,500 KRW
Low (Dec. 22)
97.97 million shares
28.2%
High (Dec. 21)
26,950 KRW
High (Jan. 12)
132.53 million shares
38.2%
End of 2005
26,550 KR
W
End of 2005
1,379.37 P
End of 2005
28.3%
High (Dec. 29)
1,379.37 P
Low (Jan. 7) 870.84 P
(KRW)
(Million Shares)
2004-12-30 2005-02-28 2005-04-30 2005-06-30 2005-08-30 2005-10-30 2005-12-30
2004-12-30 2005-02-28 2005-04-30 2005-06-30 2005-08-30 2005-10-30 2005-12-30
KIA MOTORS
Foreigners Ownership
KOSPI
The stock price of Kia Motors surged 144% during 2005, way above the grow th rate of KOSPI, w hich increased by 54%.
Sales of RVs were sluggish due to the lifting of tax holidays on them , as w ell as higher diesel prices. Prices of raw and secondary materials also rose, while the Korean
Won appreciated sharply against the US Dollar. Under these circum stances, Kia’s stock price fluctuated just before-and-after operating result releases, but in general
it maintained a upw ard trend.
This upw ard m om entum became more pronounced after Mr. Eui-Sun Chung purchased Kia Motors shares, becom ing the new ly appointed CEO & president of Kia
Motors in February 2005.
Kia w as expected to com mit itself to enhancing corporate transparency and its collaborative activities with Hyundai Motor just after Mr. Eui-Sun Chung’s
inauguration. And also, he was expected to purchase more Kia Motors shares. It is analyzed that these developm ents have had a positive im pact on the com pany’s
fundamentals and finally boosted up Kia’s stock price.
On January 3, 2005, the share price stood at ￦10,600. The stock rallied after CEO Eui-Sun Chung took the com pany reigns on February 14, 2005. Even though it
fluctuated just before-and-after operating result releases during the year, on Decem ber 21, 2005, Kia’s share price topped ￦26,950, ending the year at m ore than
double its value from the year’s start, which stood at ￦26,550.