As of 10:30 AM on the 29th, LG Chem is trading at 631,000 KRW, down 1.71% from the previous day. The trading volume is 95,995 shares, which is 26.36% of the previous day's volume. LG Chem is known as a company specializing in petrochemical products and electronic materials.
On October 28, analyst Hwang Seong-hyun of Eugene Investment & Securities stated, "The Q4 earnings are expected to maintain previous forecasts with sales of 8.3 trillion KRW (+10.7% qoq, +11.1% yoy) and operating profit of 943.1 billion KRW (+4.5% qoq, turning positive yoy). Although there are market doubts about maintaining the current market conditions, the operation status of major petrochemical product expansions in Asia is only about half of the previous level, and if COVID persists, demand and market conditions at the current level are expected to continue. As of the end of October, the company's petrochemical profitability indicators have improved compared to Q3. The scale and timing of one-time costs related to KONA EV fire will be important," and set LG Chem's target price at 970,000 KRW.
Over the past five days, individual investors have net sold 252,983 shares of LG Chem, while foreigners and institutions have net bought 445,097 shares and net sold 187,565 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 financial AI specialist Thinkpool.
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