LG Chem, Stock Price Down 8.39% at This Hour... Foreigners Net Buy 424,357 Shares in Last 5 Days

As of 2:30 PM on the 16th, LG Chem is trading at 885,000 KRW, down 8.39% from the previous day. The trading volume is 780,986 shares, which is 235.08% of the previous day's volume. LG Chem is known as a specialized company in petrochemical products and electronic materials.

On March 12, Kang Dong-jin, a researcher at Hyundai Motor Securities, stated, "The 1Q21 earnings are expected to be an earnings surprise significantly exceeding consensus. There is a high possibility of additional expansions in the US and Europe. In particular, global market share expansion is expected through increased market share in the US. The recent ITC lawsuit result is an important milestone certifying technological capability. The company's position in the battery industry is expected to be further strengthened. Profit growth continues due to strong performance in the advanced materials business EP, increased cathode material shipments, and favorable LCD market conditions. Recently, with the acceleration of EV expansion strategies, companies like VW and GM have recorded all-time highs. As the main battery supplier, the company should not be overlooked." He set LG Chem's target price at 1,400,000 KRW.

Over the past five days, individual investors have net sold 403,601 shares of LG Chem, while foreigners and institutions have net bought 424,357 shares and 872 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic 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.