As of 9:30 AM on the 21st, L&F is trading at 70,000 KRW, up 2.19% from the previous day. The trading volume is 484,569 shares, which is 17.32% of the previous day's volume. L&F is known as a manufacturer of cathode active materials and related materials for secondary batteries.


On December 17, Choi Boyoung, a researcher at Kyobo Securities, announced, "On 12/16, the company disclosed a single sales supply contract. We believe there is sufficient potential for further price increases, based on three main reasons: ① Now a leader in 4-component high-nickel technology. ② Capacity upgraded to 80,000 tons by the end of 2022, on par with competitors. ③ Increase in SK Innovation's volume and possibility of additional expansion plans. Considering aggressive expansions by clients and favorable market conditions, there is room for upward revision of earnings estimates, and we continue to maintain L&F as a Top-Pick within the secondary battery materials value chain." He set the target price for L&F at 85,000 KRW.


Over the past five days, individual investors have net purchased 467,05 shares of L&F, while foreigners and institutions have net sold 58,835 shares and 304,866 shares respectively.



※ Source: AI Investment Assistant AI Rassiro


※ This article was generated in real-time by an article auto-generation algorithm jointly developed by Asia Economy and financial AI specialist 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