[Asia Economy Reporter Lee Seon-ae] Lotte Fine Chemical hit a new 52-week intraday high on the 15th.
As of 9:38 AM on the same day, Lotte Fine Chemical was trading at 75,400 KRW, up 2.86% from the previous trading day. The stock price surged to 77,000 KRW during the session. The rise in stock price is attributed to buying pressure from institutional and foreign investors.
On the previous day, Daishin Securities issued a new report on Lotte Fine Chemical with the title "Short, Medium, and Long Perfect!" and gave a "Buy" rating with a target price of 105,000 KRW. The reason cited was the favorable short-term earnings trend due to improvements in operating and equity-method profits, along with various measures for medium- to long-term growth potential. Lotte Fine Chemical is promoting the expansion of eco-friendly businesses utilizing its ammonia infrastructure.
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