As of 10:30 AM on the 30th, SK Innovation is trading at 182,000 KRW, up 1.39% from the previous day. The trading volume is 602,023 shares, which is 24.64% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.
On November 27, analyst Hwang Kyu-won of Yuanta Securities stated, "With the effect of the Covid-19 vaccine, the recovery in demand for gasoline and jet fuel is becoming visible, and the Singapore complex refining margin could recover to around $4, which is the breakeven point. In particular, the growth rate of batteries for electric vehicles is accelerating, and risks are expected to decrease. Moreover, the litigation risk with LG Chem Ltd. is likely to find a resolution through active efforts by stakeholders (both companies, OEM suppliers, the Korean government, etc.). The litigation provision amount may also be reduced from the initially estimated 2 trillion KRW to 1 trillion KRW." He set the target price for SK Innovation at 280,000 KRW.
Over the past five days, individual investors have net sold 1,195,628 shares of SK Innovation, while foreigners and institutions have net bought 106,962 shares and 1,151,563 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.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
