[Click eStock] "Hansol Chemical, Securing Growth Potential in Secondary Battery Materials is Crucial... Target Price Down"

On the 9th, iM Securities assessed that securing growth potential in secondary battery materials is crucial for Hansol Chemical. The investment opinion of 'Buy' was maintained, but the target price was lowered from 240,000 KRW to 185,000 KRW.

Hansol Chemical's current stock valuation, based on this year's expected earnings, has a price-to-earnings ratio (PER) of 12.3 times, which is below the domestic semiconductor materials and components sector average of 13.8 times, despite operating a secondary battery materials business with high mid- to long-term growth potential.

Accordingly, Jeong Won-seok, a researcher at iM Securities, analyzed, "The profit growth trend in the semiconductor sector is steady and stable, but the sharp demand slowdown in the North American and European electric vehicle markets has significantly impacted the proper valuation of the secondary battery materials business." He added, "In the future, the recovery of demand in the electric vehicle market and securing performance growth in the secondary battery materials sector will play a decisive role in the stock price direction."

Researcher Jeong further stated, "The risk factor is that demand forecasts for the North American electric vehicle market may change depending on policy changes following the U.S. presidential election scheduled for November." He added, "We recommend utilizing the stock price adjustment caused by macroeconomic uncertainties and the sluggish secondary battery industry as a buying opportunity from a mid- to long-term perspective."