As of 12:30 PM on the 23rd, LG Chem is trading at 628,000 KRW, down 1.72% from the previous day. The trading volume is 990,543 shares, which is 83.46% of the previous day's volume. LG Chem is known as a company specializing in petrochemical products and electronic materials.
On September 18, Hwang Seong-hyun, a researcher at Eugene Investment & Securities, stated, "The announcement of the physical division of the battery business. While there may be a purpose to expand investment through the listing of the new corporation, the electric vehicle industry is blooming in earnest, and from a long-term perspective, this may be a strategic decision for proactive market preemption. In fact, the company has announced joint ventures with global companies such as Geely and GM. Although denied during the conference call, collaboration and strategic investment with major automobile companies may be comprehensively necessary, and from various perspectives, this can be used as a card for the company's long-term growth." He set LG Chem's target price at 970,000 KRW.
Over the past five days, individual investors have net sold 632,666 shares of LG Chem, while foreigners and institutions have net bought 613,796 shares and 8,501 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an article automation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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