As of 2:30 PM on the 8th, LG Chem is trading at 973,000 KRW, up 1.14% from the previous day. The trading volume is 725,606 shares, which is 103.45% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.


On January 7th, Hyun-ryeol Cho, a researcher at Samsung Securities, stated, "Two major changes are expected in the company's performance in 2021. The first is that the battery business will become the largest source of revenue. The second is the reversal in profit scale between EV batteries and small batteries. Since the company's founding, profits within the battery division have been predominantly generated by small batteries, but due to the sharp profitability improvement of EV batteries, the largest profit source is also expected to change. In conclusion, this suggests that the core business will clearly shift from chemicals to EV batteries." He set LG Chem's target price at 1,250,000 KRW.


Over the past five days, individual investors have net sold 456,877 shares of LG Chem, while foreigners and institutions have net bought 436,096 shares and 27,001 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.

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