[Featured Stock] KCC Expected to Turn Around Earnings Amid Undervaluation... Up 2.79%

KCC's stock price is on the rise. KCC is expected to enter a full recovery cycle this year amid an undervalued phase.

As of 10 a.m. on the 8th, KCC is trading at 276,500 KRW, up 2.79% from the previous day. During the session, it even rose to 287,000 KRW, marking a 52-week high.

On the same day, Yoon Jae-sung, a researcher at Hana Securities, stated, "KCC is preparing for the U.S. listing of its subsidiary Momentive. Considering the drag-along rights, there is a possibility of acquiring the remaining 20% stake in Momentive," adding, "Investment securities could be utilized in this process."

He further explained, "The market value of investment securities, including a 9.1% stake in Samsung C&T, amounts to 3.1 trillion KRW," and predicted, "By securitizing part of these and securing 100% ownership of Momentive’s shares while reducing debt, the corporate value is expected to recover rapidly."

Operating profit is also expected to improve significantly this year. Researcher Yoon said, "Strong performance centered on glass wool and antifouling coatings will continue," adding, "Silicone reflects the high costs contracted two years ago. The Chinese silicone market has also recently improved, and actual selling prices are estimated to have increased."