LG Chem, Stock Price Up 0.63% at This Hour... 'Solid Petrochemicals, Added Battery Growth Potential'

As of 9:30 AM on the 2nd, LG Chem is trading at 398,500 KRW, up 0.63% from the previous day. The trading volume is 101,130 shares, which is about 25.34% of the previous day's volume. LG Chem is known as a company specializing in petrochemical products and electronic materials.

On June 1st, Won Min-seok, a researcher at Hi Investment & Securities, stated, "Although the impact of COVID-19 will be partially reflected in the 2Q20 performance of the battery sector, which underpins the company's future growth, the deficit is expected to shrink due to quarter-on-quarter sales increases in large, medium, small, and ESS batteries, along with yield improvements at the new facility in Poland. Considering the continuous increase in shipments of large and medium batteries, profitability improvements, and the arrival of the small battery peak season in 2H20, a stable performance improvement trend is expected." He set LG Chem's target price at 450,000 KRW.

Over the past five days, individual investors have net sold 122,584 shares of LG Chem, while foreigners and institutions have net sold 3,037 shares and net bought 140,230 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.

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