LG Chem, 288,698 Shares Sold Net by Individuals Over Last 5 Days... Stock Price 514,000 KRW (+0.39%)

As of 10:30 AM on the 22nd, LG Chem is trading at 514,000 KRW, up 0.39% from the previous day. The trading volume is 221,354 shares, which is about 30.39% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.

On June 17, analyst Hwang Gyu-won of Yuanta Securities reassessed the expansion (growth potential) of the battery market in Europe starting in the second half of 2020 and the improvement in profitability. The assumptions for re-evaluating LG Chem's battery value are threefold: ① The global battery market size is expected to have decreased by 15% in 2020 due to COVID-19, then double every three years, increasing ninefold by 2030 (electric vehicle sales capacity from 130 GW in 2020 to 1,755 GW in 2030). ② LG Chem’s average market share in batteries can be maintained at 26%. ③ If there are no yield issues, LG Chem’s battery average operating profit margin will stabilize at 5 to 6%. Based on this, the target price for LG Chem was set at 640,000 KRW.

Over the past five days, individual investors have net sold 288,698 shares of LG Chem, while foreigners and institutions have net bought 215,456 shares and 81,675 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

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

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