LG Chem, Stock Price Down 2.87% at This Hour... 357,445 Shares Net Bought by Individuals in Last 5 Days

As of 9:30 AM on the 17th, LG Chem is trading at 508,000 KRW, down 2.87% from the previous day. The trading volume is 180,399 shares, which is about 36.33% of the previous day's volume. LG Chem is known as a company specializing in petrochemical products and electronic materials.

On July 14, Jeonghyun Kim, a researcher at Kyobo Securities, stated, "As the value of automobile battery manufacturers rises sharply, the value of LG Chem's battery division is also rapidly increasing. According to SNE Research, the cumulative battery usage in 2020 reached 7.8 GWh, making LG Chem the global number one supplier of batteries for electric vehicles. Being number one globally in a market where growth premiums are recognized justifies a high valuation. Besides batteries, profitability defense in chemicals and advanced materials is expected to be sustainable in the long term." He set LG Chem's target price at 650,000 KRW.

Over the past five days, individual investors have net purchased 357,445 shares of LG Chem, while foreign investors and institutions have net sold 230,474 shares and 127,203 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.