LG Chem, Stock Price +6.5% at This Hour... Foreigners Net Buy 507,972 Shares in Last 5 Days
As of 2:30 PM on the 6th, LG Chem is trading at 721,000 KRW, up 6.5% from the previous day. The trading volume is 1,161,157 shares, which is 264.21% of the previous day's volume. LG Chem is known as a company specializing in petrochemical products and electronic materials.
On November 4th, Do-yeon Lee, a researcher at Korea Investment & Securities, stated, "The operating profit estimate for the chemical sector in 2021 has been raised by 39% compared to this year to 2.9 trillion KRW, which is 73% higher than the previous estimate. The biggest reason is the revision of the 2021 ethylene spread estimate to 450 USD/ton, a 120% increase from the previous estimate. Along with supply and demand improvements, the strength of natural gas is expected to improve the profitability of NCC. In particular, in 3Q21, LG Chem's new NCC started commercial production. With an ethylene standard 800kta facility, the total production capacity upon completion will be 3.3mta, a 32% increase compared to before." He set LG Chem's target price at 1,000,000 KRW.
Over the past five days, individual investors have net sold 453,978 shares of LG Chem, while foreigners and institutions have net bought 507,972 shares and net sold 28,187 shares, respectively.
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※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an article automatic generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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