LG Chem, 93,146 Shares Net Sold by Foreigners in Last 5 Days... Stock Price at 538,000 KRW (+1.7%)

As of 12:30 PM on the 13th, LG Chem is trading at 538,000 KRW, up 1.7% from the previous day. The trading volume is 217,062 shares, which is 46.41% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.

On July 13, Noh Woo-ho, a researcher at Meritz Securities, stated, "The positive investment environment for 2H20 secondary batteries will accelerate. In particular, the factors supporting the company's additional re-rating are: (1) Tesla's delivery volume increase in 2Q20 (expected to exceed 60,000 to 70,000 units) and achieving profitability, proving accelerated EV demand transition; (2) the company's battery shipment proportion to Tesla increased to 40% in 2Q20; (3) normalization of yield and increased profit contribution from the Poland plant starting 2Q20. The company has secured Tesla and non-Tesla, leading the EV market, as customers and holds the world's largest EV battery production capacity, dominating the sector's hegemony." He set LG Chem's target price at 620,000 KRW.

Over the past five days, individual investors have net sold 5,434 shares of LG Chem, while foreigners and institutions have net sold 93,146 shares and net bought 80,646 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated 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.