[Featured Stock] Isu Chemical Hits 52-Week High... "Expectations for All-Solid-State Battery Material Development and PCM Material Business"

[Asia Economy Reporter Hyunseok Yoo] Isu Chemical has reached a 52-week high. This appears to be driven by expectations for the development of all-solid-state battery materials and the PCM raw material business.

As of 2:25 PM on the 16th, Isu Chemical was trading at 14,300 KRW, up 8.33% (1,100 KRW) from the previous trading day. During the session, the price rose to 14,800 KRW, marking a new 52-week high.

Based on hydrogen sulfide technology, Isu Chemical was selected on the 3rd as a participating company in the Ministry of Trade, Industry and Energy’s “Lithium-based Next-generation Secondary Battery Performance Advancement and Manufacturing Technology Development Project.” Accordingly, the company plans to collaborate with KEIT (Korea Electronics Technology Institute) to develop core technology for sulfide-based all-solid-state battery electrolytes. Hyundai Motor Company and Samsung SDI are participating as demand companies in this project.

Research analysts Wooje Jeon and Seokho Kang of Heungkuk Securities stated in a report on the same day, “Isu Chemical is the only domestic company possessing suppression technology related to hydrogen sulfide, which is essential for producing high-output, high-safety sulfide-based all-solid-state batteries,” adding, “It could become a core company in sulfide-based all-solid-state batteries starting in 2025.”

Amid the imminent development of COVID-19 vaccines, the PCM (Phase Change Material) raw material business related to cold chain logistics is also gaining attention. Isu Chemical can produce paraffin for PCM through NP (Normal Paraffin) processing.

Researcher Yoon analyzed, “Based on normal paraffin production technology, sales of paraffin for PCM have begun, which can grow alongside the cold chain market in the future,” and added, “Growth potential is being added to the stability of existing businesses.”

It is known that Isu Chemical, utilizing NP production technology developed since 1990, started production and sales of paraffin for PCM in the second half of this year.

Isu Chemical announced that its operating profit for the third quarter reached 17.6 billion KRW, an 80% increase compared to the same period last year.