As of 10:30 AM on the 31st, LG Chem is trading at 761,000 KRW, up 0.26% from the previous day. The trading volume is 187,348 shares, which is about 38.1% of the previous day's volume. LG Chem is known as a company specializing in petrochemical products and electronic materials.


On August 27, Hana Financial Investment researchers Jaesung Yoon and Jinwon Son stated, "All petrochemical business divisions are showing strong performance. However, as seen in Saudi Aramco's withdrawal from refinery/petrochemical facility investments in China, global expansions are being canceled or delayed one after another. On the big picture, petrochemicals have entered a recovery phase from the bottom, which will act as a factor for future performance improvement and premium valuation. Battery profits are expected to increase due to sales expansion of cylindrical and large-sized batteries (QoQ +40%)." They set LG Chem's target price at 1,000,000 KRW.


Over the past five days, individual investors have net sold 249,359 shares of LG Chem, while foreigners and institutions have net bought 118,340 shares and 119,056 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.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing