[Special Stock] LG Chem and Samsung SDI Lead Second Battery Rebound

[Asia Economy Reporter Oh Ju-yeon] On the 20th, as the domestic stock market rebounded, large-cap stocks related to secondary batteries such as LG Chem and Samsung SDI surged significantly.

As of 10:05 AM that day, LG Chem was trading at 247,500 KRW, up 7.61% from the previous trading day, and Samsung SDI was trading at 201,500 KRW, up 10.11%. This was a rebound following a drop of more than 17% the previous day.

Corporate analysis reports from securities firms also supported the rebound. Samsung Securities analyzed that the recent overselling of Samsung SDI is equivalent to evaluating the business value as it was 10 years ago.

Researcher Jang Jeong-hoon said, "The current stock price values Samsung SDI's small batteries and medium-to-large secondary batteries including EV batteries at around 4 trillion KRW, which is an evaluation from 10 years ago when the medium-to-large business did not exist and small batteries recorded sales of 2 trillion KRW with an operating margin of 10%." He explained that the recent sharp decline in stock price over the past month largely reflects the most negative scenario within the year.

Regarding LG Chem, it was noted that although the stock price plummeted recently due to increased volatility in the financial market caused by the spread of COVID-19, investment sentiment is expected to recover quickly once the situation stabilizes.

This content was produced with the assistance of AI translation services.