[Featured Stock] Lotte Chemical, Weakness Due to Poor Q3 Performance

The stock price of Lotte Fine Chemical is weak. It is interpreted that a selling spree occurred as the third-quarter earnings fell short of market expectations.

At 9:33 a.m. on the 1st, Lotte Fine Chemical was trading at 44,250 won, down 4.43% from the previous day.

Lotte Fine Chemical announced yesterday that its consolidated operating profit for the third quarter of this year was preliminarily estimated at 10.3 billion won, a 70.7% decrease compared to the same period last year. This is below the market expectation of 19.5 billion won.

Kang Dong-jin, a researcher at Hyundai Motor Securities, analyzed, "The ammonia trading volume was lower than expected, and the green materials also did not improve significantly compared to the previous quarter as initially anticipated." However, Kang added, "Although short-term performance was poor, considering the price increase of main products and the trend of spread improvement, it is expected to improve from the fourth quarter."