SK Innovation, '2Q20 Bottoming Out' Stock Price 119,500 KRW (1.27%)

As of 9:30 AM on the 29th, SK Innovation is trading at 119,500 KRW, up 1.27% from the previous day. The trading volume is 104,243 shares, which is about 9.81% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.

On May 27, analyst Noh Woo-ho from Meritz Securities stated, "There is uncertainty regarding the final verdict of the EV battery lawsuit with a domestic competitor scheduled for October. It is considered too early to reflect this uncertainty at this point. Currently, a buying strategy focusing on the potential recovery of core business profits is necessary. (1) Resolution of supply-demand imbalance in refining, (2) OSP reduction, (3) High visibility of profit recovery due to increased IMO compliance rate." He set the target price for SK Innovation at 130,000 KRW.

Over the past five days, individual investors have net sold 31,503 shares of SK Innovation, while foreign investors and institutions have net sold 260,994 shares and net bought 335,163 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

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