LG Chem, Stock Price Down 1.33% at This Time... Institutional Investors Sold Net 286,582 Shares in the Last 5 Days

As of 12:30 PM on the 18th, LG Chem is trading at 966,000 KRW, down 1.33% from the previous day. The trading volume is 253,583 shares, which is 57.51% of the previous day's volume. LG Chem is known as a company specializing in petrochemical products and electronic materials.

On January 15, analyst Seonghyun Hwang of Eugene Investment & Securities stated, "According to our estimates, 2021 is expected to be remembered as the year with the fastest growth as the supply-demand balance for electric vehicle batteries rises to 71.0% (58.0% in 2020, +13.0%p). The company is a representative low-carbon transition enterprise, having secured over 5,000 low-carbon related patents accumulated over five years, and is expected to benefit from rapid market share expansion through aggressive capacity expansion. Profitability is expected to improve through the expansion of high-margin cylindrical battery facilities, and with increased shipments of automotive batteries, LG Chem is projected to maintain its dominant position." He set LG Chem's target price at 1,300,000 KRW.

Over the past five days, individual investors have net purchased 43,624 shares of LG Chem, while foreigners and institutions have net purchased 237,080 shares and net sold 286,582 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.