LG Chem, Stock Price Down 2.2% at This Hour... Foreigners Net Buy 207,275 Shares in Last 5 Days

As of 9:30 AM on the 12th, LG Chem is trading at 976,000 KRW, down 2.2% from the previous day. The trading volume is 103,530 shares, which is about 11.2% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.

On January 7th, Hyun-ryul Cho, a researcher at Samsung Securities, forecasted two major changes in the company's 2021 performance. The first is that the battery business will become the largest source of revenue. The second is a reversal in the 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 expected to change as well. In conclusion, this suggests a clear shift in the core business 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 133,690 shares of LG Chem, while foreigners and institutions have net bought 207,275 shares and net sold 70,757 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.