[Asia Economy Reporter Lee Seon-ae] Hansol Chemical is showing strong performance in the early trading session on the 3rd. This is interpreted as buying interest flowing in due to expectations for mid- to long-term growth in the secondary battery silicon anode material business.
As of 9:14 AM on this day, Hansol Chemical is trading at 308,500 KRW, up 4.22% compared to the previous trading day.
Shinhan Financial Investment stated that Hansol Chemical is expected to establish itself as a full-fledged secondary battery material company by expanding its business from secondary battery tape and anode binder to silicon anode materials, giving a 'Buy' investment rating and a target price of 350,000 KRW.
Researcher Soh Hyun-chul said, "Third-quarter sales are expected to reach 205 billion KRW, a 24.5% increase year-on-year, and operating profit is expected to increase by 19.9% to 61.5 billion KRW, exceeding market expectations," adding, "Increased sales of hydrogen peroxide for semiconductors and displays, the start of QD OLED material sales, and sales of anode binders for secondary batteries and subsidiary Taepax are expected to lead the performance."
He continued, "Fourth-quarter sales are expected to increase by 41.3% year-on-year to 225 billion KRW, and operating profit is expected to increase by 118.2% to 58.5 billion KRW," adding, "Even considering the usual one-time expenses in the fourth quarter, significant performance improvement is expected due to the effect of NB latex expansion."
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