LG Chem, 'Battery Leads and Petrochemicals Support' Stock Price at 407,000 KRW (-1.69%)

As of 9:30 AM on the 27th, LG Chem is trading at 407,000 KRW, down 1.69% from the previous day. The trading volume is 144,438 shares, which is 15.19% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.

On May 24, Hansangwon, a researcher at Daishin Securities, stated, "The beginning of the global No.1 in electric vehicle batteries. The 2021 capacity target of 120GWh remains unchanged vs. ongoing collaboration with automakers such as GM and Geely. We expect strengthening of mid- to long-term dominance through aggressive expansion and customer diversification in a growing market. Although there are concerns about supply burdens in the chemical sector due to new expansions, the burden of increased supply is not significant for product groups such as PVC and ABS. While the petrochemical division maintains solid profitability, growth and profitability turnaround are expected in the battery division." He set LG Chem’s target price at 450,000 KRW.

Over the past five days, individual investors have net sold 817,252 shares of LG Chem, while foreigners and institutions have net bought 391,818 shares and 426,265 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.