[Featured Stock] 'Earnings Improvement Expected' Lotte Energy Materi Up 6.29%

The stock price of Lotte Energy Materials is rising by over 6% amid growing expectations for improved performance.

As of 9:42 a.m. on the 23rd, Lotte Energy Materials is trading at 47,300 KRW, up 2,800 KRW (6.29%) from the previous day.

On this day, Kwon Junsu, a researcher at Kiwoom Securities, said, "Operating profit for the first quarter of this year is expected to be 4.4 billion KRW, in line with market expectations," adding, "From next year, significant profitability improvement is expected."

Researcher Kwon stated, "This year's performance is projected to see sales of 1.1 trillion KRW, a 36% increase compared to the same period last year, and operating profit of 46 billion KRW, a 290% increase. After hitting the bottom in the first quarter, it is expected to improve toward the second half of the year." He added, "In particular, product shipments are expected to be concentrated in the third and fourth quarters due to the expansion schedules of key and strategic customers. Accordingly, there are plans to expand the Malaysia plant by 20,000 tons in the second half of this year."

He also said, "Through the utilization of renewable energy, the timing for securing new customers in Europe is expected to be accelerated," maintaining a buy rating and a target price of 60,000 KRW.