SK Innovation, Institutional Investors Net Sell 1,031,275 Shares Over Last 5 Days... Stock Price at 256,500 KRW (-2.29%)

As of 10:30 AM on the 18th, SK Innovation is trading at 256,500 KRW, down 2.29% from the previous day. The trading volume is 470,615 shares, which is about 30.9% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.

On January 14, Yoon Jae-sung, a researcher at Hana Financial Investment, stated, "Operating profit for 1Q21 is expected to be -34.4 billion KRW, with a reduced deficit, but considering weak refining margins and PX performance, a challenging operating environment is expected to continue. Of SKI's EV of 35 trillion KRW, SKIET's EV is 5 trillion KRW, and refining/chemical EV is 14 trillion KRW (including S-Oil). Deducting these, the battery EV is 15 trillion KRW. Dividing this by the 2022 target capacity of 57 GWh, the EV per capacity is 264 billion KRW, which is a 15% discount compared to LG Chem. Considering the turnaround timing and order backlog, the appropriate stock price target has been reached." He set SK Innovation's target price at 280,000 KRW.

Over the past five days, individual investors have net purchased 984,842 shares of SK Innovation, while foreigners and institutions have net purchased 74,185 shares and net sold 1,031,275 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.