[Special Stock] Daehan Yuhwa Hits 52-Week High on 'Growth Expectations'
[Asia Economy Reporter Lee Seon-ae] On the morning of the 10th, Daehan Petrochemical recorded a 52-week high, rising to 347,000 KRW in early trading.
As of 9:36 AM that day, Daehan Petrochemical was trading at 336,000 KRW, up 9.62% from the previous day.
The stock price increase is interpreted as continuing due to expectations of growth potential.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- "Withdrew 1.2 Billion Won from Husband's Account Just Before Death"...Remarried Wife Receives Suspended Prison Sentence
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
SK Securities raised Daehan Petrochemical's target price by 41.8% from the previous level to 390,000 KRW. Hansem Park, a researcher at SK Securities, explained, "Starting from 2021, a revaluation of UHMWPE (Ultra-High Molecular Weight Polyethylene) is expected," adding, "Since the company holds nearly 60% market share in this product segment, stable profit generation is anticipated along with the expansion of the separator market."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
