[Featured Stock] SKC Hits 52-Week High... Growth Momentum from Copper Foil and Chemical Revaluation
[Asia Economy Reporter Lee Seon-ae] SKC hit a 52-week high (113,000 KRW) on the 21st. As of 9:15 AM on the 21st, the stock price fell to 111,500 KRW but rose 1.35% during the day to reach 113,000 KRW, marking a 52-week high. Foreign investors and institutions have been steadily buying SKC over the past month. Foreigners net purchased 205,000 shares, and institutions also net purchased 288,000 shares.
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Hyun-ryul Cho, a researcher at Samsung Securities, said about SKC, "Not only is a revaluation of the copper foil business necessary due to the high growth of the electric vehicle market, but a revaluation of the chemical business is also needed," and gave a "Buy" investment rating with a target price of 130,000 KRW.
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