As of 1:30 PM on the 24th, LG Chem is trading at 783,000 KRW, up 4.68% from the previous day. The trading volume is 568,038 shares, which is 122.54% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.
On November 24, Kang Dong-jin, a researcher at Hyundai Motor Securities, stated, "The company's key chemical products such as ABS, PVC, PE, SAP, and synthetic rubber are all showing strong performance. The company's main downstream products, ABS and PVC, are expected to continue their favorable trend due to limited capacity expansion and strong demand. Synthetic rubber is also expected to strengthen due to robust demand. With the Biden administration, policies favorable to EVs are anticipated. Among the company's major partners in the U.S. are Tesla and GM. The chemical business fundamentals are at the highest level, and battery growth will continue. We maintain our top pick rating for the refining/chemical sector." He set LG Chem's target price at 1,030,000 KRW.
Over the past five days, individual investors have net sold 497,698 shares of LG Chem, while foreigners and institutions have net bought 530,008 shares and net sold 10,876 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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