As of 9:30 AM on the 20th, SK Innovation is trading at 274,500 KRW, up 1.67% from the previous day. The trading volume is 495,893 shares, which is 26.42% of the previous day's volume. SK Innovation is known as a mid-tier holding company within the SK Group.
On January 15, Kang Dong-jin, a researcher at Hyundai Motor Securities, stated, "Although oil prices have risen recently due to Saudi production cuts, refining margins remain sluggish. Considering ongoing capacity expansions and slow recovery in oil demand, it is still difficult to expect a recovery in the refining industry. Accordingly, the trend of increasing net borrowings continues, and it is estimated that borrowings will continue to increase in 2021. Of course, some funding may be secured through the sale of subsidiary shares or IPOs, but this will cause dilution of subsidiary share value. It is difficult to predict the outcome of ongoing administrative and civil lawsuits in the United States." He set SK Innovation's target price at 270,000 KRW.
Over the past five days, individual investors have net purchased 582,849 shares of SK Innovation, while foreign investors and institutions have net purchased 78,030 shares and net sold 641,576 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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