Lotte Chemical, Stock Price +1.64% at This Time... Institutional Investors Net Buy 148,646 Shares in Last 5 Days

As of 10:30 AM on the 6th, Lotte Chemical is trading at 216,500 KRW, up 1.64% from the previous day. The trading volume is 165,686 shares, which is about 28.76% of the previous day's volume. Lotte Chemical is known as a petrochemical company affiliated with the Lotte Group.

On September 28, Jiwoo Son, a researcher at SK Securities, stated, "Recently, the weakness of technology stocks that had received a multiple premium worldwide has become prominent. However, we believe this period is actually a trading buy opportunity for the company. The valuation remains low, with a PBR of only 0.55x as of 2021, and coincidentally, the recent turnaround in the chemical market is leading to a recovery in performance. We judge this to be a sufficient alternative for liquidity released from technology stocks." He set the target price for Lotte Chemical at 250,000 KRW.

Over the past five days, individual investors have net sold 105,911 shares of Lotte Chemical, while foreigners and institutions have net sold 33,124 shares and net bought 148,646 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.