LG Chem, Stock Price +1.79% at This Time... Foreigners Net Sold 179,592 Shares in the Last 5 Days

As of 10:30 AM on the 24th, LG Chem is trading at 513,000 KRW, up 1.79% from the previous day. The trading volume is 202,990 shares, which is 39.24% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.

On June 23, Hyuntae Kim, a researcher at BNK Investment & Securities, stated, "In the petrochemical sector, the positive effects of the decline in oil prices are emerging, with ABS and PVC spreads, which hold a domestic market share of 50-60%, showing significant improvement. The yield at the Poland plant is stabilizing faster than expected, and sales of small batteries in China are strong, leading to a forecasted return to profitability. The expansion of the European electric vehicle market is expected to accelerate more rapidly than initially anticipated. With the stabilization of Poland's yield, which was a delaying factor for the battery turnaround, the EV battery segment is likely to achieve profitability visibility from 3Q20." He set LG Chem's target price at 650,000 KRW.

Over the past five days, individual investors have net purchased 128,229 shares of LG Chem, while foreigners and institutions have net sold 179,592 shares and net purchased 60,067 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.