[Special Stock] Huchems, Carbon Emission Rights Operating Profit Margin Expected to Rise by 4.6%

[Asia Economy Reporter Lee Seon-ae] Huchems is on the rise. This is interpreted as an increase in operating profit margin centered on carbon emission permits.

As of 10:25 AM on the 16th, Huchems is trading at 24,900 KRW, up 4.61% from the previous day.

Ebest Investment & Securities upgraded Huchems' investment opinion from Hold to Buy and maintained the target price at 27,000 KRW, citing the recent surge in emission permit prices in Europe and other regions, which is expected to be reflected domestically as well.

Researcher Lee Anna of Ebest Investment & Securities stated, "Emission permit prices in Europe and other regions have recently surged, and this is expected to be reflected domestically," adding, "This year, Huchems is expected to see an increase in operating profit margin centered on carbon emission permits." The researcher explained, "Huchems has terminated all long-term supply contracts for carbon emission permits and will sell entirely on a spot basis this year," and "Major countries are hastening the introduction of carbon taxes to strengthen eco-friendly policies."