As of 10:30 AM on the 7th, Lotte Chemical is trading at 300,000 KRW, up 6.01% from the previous day. The trading volume is 399,377 shares, which is 88.46% of the previous day's volume. Lotte Chemical is known as a petrochemical company affiliated with the Lotte Group.
On January 5th, Han Sang-won, a researcher at Daishin Securities, forecasted that "Operating profit in 2021 will be 1.55 trillion KRW (+321% QoQ), the largest increase in the industry. 1) Significant increase in olefins due to the restart of the Daesan plant, 2) Expected turnaround to profitability for Aromatics and LC USA, 3) Titan also has a base effect until the first half of the year, 4) Continued strong performance in advanced materials. In particular, attention is drawn to the possibility of a market rebound in the previously sluggish chemical fiber chain among major chemical product groups. This is because consumption improvement may appear during the global economic recovery process. In the case of China, clothing consumption has already shifted to a growth trend compared to the previous year since August." He set the target price for Lotte Chemical at 350,000 KRW.
Over the past five days, individual investors have net purchased 57,839 shares of Lotte Chemical, while foreigners and institutions have net sold 61,991 shares and 4,402 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an article automatic generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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