SK Innovation, 'If Gradual Market Recovery and Battery Uncertainty Are Resolved' Stock Price at 128,000 Won (0.39%)

As of 10:30 AM on the 4th, SK Innovation is trading at 128,000 KRW, up 0.39% from the previous day. The trading volume is 377,629 shares, which is 52.38% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.

On June 1st, Won Min-seok, a researcher at Hi Investment & Securities, stated, "First, with the gradual recovery of international oil prices, the company's inventory-related profit and loss and 1M Lag refining margin will show a stable trend. Second, the decline in Saudi OSP in April and May will be reflected in the refining margin for May and June, contributing to defending 2Q20 earnings. Lastly, from 3Q20 onwards, a stable earnings trend is expected based on the improvement in the industry conditions. If uncertainties related to batteries, such as the lawsuit issue with LG Chem, are resolved, the discount factor will disappear, and the stock price is expected to show a favorable trend." He set the target price for SK Innovation at 150,000 KRW.

Over the past five days, individual investors have net sold 43,871 shares of SK Innovation, while foreigners and institutions have net sold 31,306 shares and net bought 97,251 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.