[Special Stock] 'Silicon Industry Recovery' KCC Rises Over 4%

"Expecting Record High Operating Profit Next Year"

KCC's stock price, expected to recover in the silicone sector amid strong performance in building materials and coatings, rose on the 12th.

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As of 9:31 AM that day, KCC was trading at 320,500 KRW, up 12,500 KRW (4.06%) from the previous trading day.

Hana Securities stated about KCC, "A recovery in the silicone division's performance is expected," forecasting an operating profit of 122.7 billion KRW for the second quarter of this year, a 36% increase compared to the same period last year. This estimate aligns with market expectations.

They added, "The expansion of silicone's profitability is positive. This is due to the increase in high-value-added silicone sales and the easing of cost burdens from changes in raw material contract structures," and noted, "Coatings also saw strong performance including subsidiaries. Building materials maintained steady results."

Furthermore, they said, "The silicone industry outlook is expected to gradually improve through next year," and "With a price-to-book ratio (PBR) of 0.4 times this year, it remains in an absolutely undervalued range," adding, "Operating profit is projected to reach an all-time high next year."