Lotte Chemical, 264,536 Shares Net Sold by Individuals in Last 5 Days... Stock Price 299,500 KRW (-1.48%)

As of 9:30 AM on the 8th, Lotte Chemical is trading at 299,500 KRW, down 1.48% from the previous day. The trading volume is 110,213 shares, which is 15.56% of the previous day's volume. Lotte Chemical is known as a petrochemical company affiliated with the Lotte Group.

On January 5th, Hansangwon, a researcher at Daishin Securities, forecasted an operating profit of 1.55 trillion KRW for 2021 (+321% QoQ), expecting the largest profit increase in the industry. The reasons include: 1) significant profit increase in olefins due to the restart of the Daesan plant, 2) expected turnaround to profitability for Aromatics and LC USA, 3) Titan also benefiting from a base effect until the first half of the year, and 4) continued strong performance in advanced materials. In particular, attention is drawn to the potential market rebound in the previously weak chemical fiber chain among major chemical product groups, as consumption improvement may occur during the global economic recovery. In China, clothing consumption has already shifted to growth compared to the previous year since August. Based on this, the target price for Lotte Chemical was set at 350,000 KRW.

Over the past five days, individual investors have net sold 264,536 shares of Lotte Chemical, while foreigners and institutions have net bought 148,787 shares and 109,145 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.