[Asia Economy Reporter Minwoo Lee] KPTU's stock price is on the rise. Amid the strong performance of raw material-related stocks, the fact that it has Aluco, the nation's top aluminum producer, as a subsidiary has been highlighted.
As of 2:36 PM on the 11th, KPTU's stock price recorded 12,500 KRW, up 5.93% compared to the previous day. The fact that it is the largest shareholder holding 17.50% of domestic aluminum extrusion company Aluco's shares appears to have been emphasized.
On this day, news that aluminum surpassed $2,500 per ton for the first time in 37 months at the London Metal Exchange (LME) seemed to act as a positive factor. NH Investment & Securities also raised its aluminum price forecast to $2,800 per ton within the next 12 months.
At the same time, Aluco, KPTU's subsidiary, also recorded a stock price of 5,430 KRW, up 3.23% from the previous day, reflecting expectations of aluminum price strength due to the raw material price rally.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
