LG Chem, Foreign Investors Net Buy 398,413 Shares in Last 5 Days... Stock Price 629,000 Won (+0.32%)

As of 2:31 PM on the 28th, LG Chem is trading at 629,000 KRW, up 0.32% from the previous day. The trading volume is 293,033 shares, which is about 60.15% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.

On September 23, Baek Young-chan, a researcher at KB Securities, stated, "Since the decision to physically split the battery business division, the stock price has shown weakness. Despite short-term price volatility, buying is recommended because it is still undervalued. In the first half of 2020, LG Chem achieved the world's number one position in sales and production capacity. It is expected to be number one in operating profit in 2021. The important point is that the battery business itself continues to experience high growth. The reasons are 1) expansion of electric vehicle sales through the Green New Deal policy, and 2) increasingly diverse front-end demand sectors such as logistics robots and mobility." He set LG Chem's target price at 937,000 KRW.

Over the past five days, individual investors have net sold 386,055 shares of LG Chem, while foreigners and institutions have net bought 398,413 shares and net sold 21,832 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.