As of 2:30 PM on the 30th, LG Chem is trading at 619,000 KRW, down 4.92% from the previous day. The trading volume is 576,910 shares, which is 159.76% 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 be 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), maintaining the existing earnings forecast. Although there is market skepticism about the maintenance of the 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 are expected to be important," and set LG Chem's target price at 970,000 KRW.
Over the past five days, individual investors have net sold 215,892 shares of LG Chem, while foreigners and institutions have net bought 394,593 shares and net sold 167,104 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 financial AI specialist Thinkpool.
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