[Special Stock] SK IE Technology Falls 11% on Concerns Over Return to Loss and Sales Slump

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] SK IE Technology is experiencing a sharp decline due to concerns over sluggish sales.

As of 10:36 AM on the 28th, SK IE Technology is trading at 113,000 KRW, down 11.02% compared to the previous trading day.

The day before, SK IE Technology announced that it recorded an operating loss of 29 billion KRW in the fourth quarter of last year, turning to a deficit.

Due to weak demand for separators and semiconductor supply issues, as well as uncertainties in the upstream industries, the outlook for this year is also not optimistic.

Accordingly, the securities industry has repeatedly lowered SK IE Technology's target stock price. KB Securities lowered the target price from 240,000 KRW to 180,000 KRW. NH Investment & Securities also cut the target price by 38% to 178,000 KRW.