UPDATE 3-Hyundai's record profit shows it has an edge on competition


* Q4 net profit 1.4 trln won vs 1.35 trln fcast * New models, overseas contributions buoy earnings * Capacity restraint, competition seen as challenges in 2011 * Targets 8 pct rise in 2011 vehicle sales to 3.9 mln cars * Hyundai shares end down 0.8 pct vs 0.2 pct rise in KOSPI (Adds quotes, details of results) By Hyunjoo Jin SEOUL, Jan 27 (Reuters) - Hyundai Motor's record quarterly profit and upbeat forecasts show the automaker may succeed in fending off rising competition by ...

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