[Featured Stock] "Silicon Additional Profit Growth Expected" KCC Up 3.57%

IBK Investment & Securities "Strong Profitability Expected to Continue"

Following the first half of this year, KCC's stock price is on the rise with additional profit growth expected in the silicon sector for the third quarter. As of 10:16 AM on the 28th, KCC was trading at 304,500 KRW, up 10,500 KRW (3.57%) from the previous trading day.

On the same day, IBK Investment & Securities maintained a buy rating and a target price of 440,000 KRW for KCC. Lee Dong-wook, a researcher at IBK Investment & Securities, stated, "KCC's silicon sector, which accounts for about 65% of sales (based on last year), is seeing a rebound in demand for specialty product lines in North America and Europe. This is due to improvements in the general-purpose organosilicon market in China." He added, "The second-quarter performance of this sector showed monthly profit growth, and it is estimated that last month's results also improved compared to the previous month."

He further noted, "Although a slowdown in the construction market is expected in the second half of this year, leading to a decline in performance in the building materials sector compared to the first half, stable downward trends in raw material prices and KCC's dominant market position domestically are expected to maintain solid profitability."