As of 2:30 PM on the 10th, S-Oil is trading at 83,500 KRW, up 2.83% from the previous day. The trading volume is 866,904 shares, which is about 47.97% of the previous day's volume. S-Oil is known as a manufacturer and seller of petroleum refining, lubricants, and petrochemical products.
On February 8, Kiwoom Securities researchers Dongwook Lee and Junsu Kwon stated, "It seems necessary to consider S-Oil's performance improvement this year. Although refining margins are weak in the first half of this year, due to rising oil prices, inventory-related profits are expected to be significantly higher than last year. In the second half of this year, petroleum product supply and demand are expected to become favorable due to inventory depletion in the first half and supply reduction. Meanwhile, applying a premium for the TC2C process/technology that the company will announce in the future to the valuation multiples, we have slightly raised the target price." They set the target price for S-Oil at 105,000 KRW.
Over the past five days, individual investors have net sold 1,856,386 shares of S-Oil, while foreign investors and institutions have net bought 537,313 shares and 1,330,064 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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