Kumho Petrochemical is trading at 286,500 KRW as of 12:30 PM on the 5th, up 13.24% from the previous day. The trading volume is 1,356,617 shares, which is 202.99% of the previous day's volume. Kumho Petrochemical is known as a manufacturer of synthetic resins and synthetic rubber.
On February 5th, Lee Dong-wook, a researcher at Kiwoom Securities, stated, "Following the financial crisis, China's stimulus measures have continued, and due to the democratization protests in the Middle East, oil prices have risen sharply, causing butadiene, natural rubber, and synthetic rubber prices to surge. There was a reflective benefit from the Great East Japan Earthquake, and since 2010, there has been a substantial effect from management separation. Although the absolute levels of oil and product prices this year are lower compared to 2011, due to the effect of low-cost raw material input, increased production capacity, and a rapid increase in the proportion of high value-added products such as NB Latex, it is expected to record the highest-ever operating profit exceeding that of 2011." He set Kumho Petrochemical's target price at 460,000 KRW.
Over the past five days, individual investors have net purchased 29,541 shares of Kumho Petrochemical, while foreigners and institutions have net sold 81,915 shares and net purchased 58,117 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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