SK Innovation, Stock Price Up 2.89% at This Hour... '2H20 Outlook - Expecting Core Business Recovery and Highlighted Growth Momentum'

As of 9:30 AM on the 27th, SK Innovation is trading at 124,500 KRW, up 2.89% from the previous day. The trading volume is 750,907 shares, which is 27.69% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.

On May 25, Samsung Securities researcher Cho Hyun-ryeol stated, "We expect a simultaneous recovery of two key variables affecting refining industry profits, which deteriorated sharply due to global regional lockdowns caused by COVID-19. The battery business currently acts as a discount factor on the company's stock price due to sustained losses and litigation with competitors. It is still estimated that an agreement before the ITC ruling (October) is highly likely. From the second half of 2020, the launch of VW's MEB platform vehicles and the reduction of losses starting in 2021 will gradually highlight the battery growth momentum. We present a Top-pick opinion within the industry." He set SK Innovation's target price at 136,000 KRW.

Over the past five days, individual investors have net sold 264,735 shares of SK Innovation, while foreign investors and institutions have net sold 178,356 shares and net bought 429,940 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and financial AI specialist Thinkpool.