LG Chem, Stock Price Down 2.47% at This Time... Foreigners Net Buy 195,938 Shares in Last 5 Days

As of 9:30 AM on the 17th, LG Chem is trading at 869,000 KRW, down 2.47% from the previous day. The trading volume is 182,492 shares, which is about 19.59% of the previous day's volume. LG Chem is known as a company specializing in petrochemical products and electronic materials.

On March 12, Kang Dong-jin, a researcher at Hyundai Motor Securities, forecasted an earnings surprise for 1Q21 that would significantly exceed consensus. He noted a high possibility of additional expansions in the US and Europe. In particular, through expanding market share in the US, global market share is expected to increase. The recent ITC lawsuit result is an important milestone certifying technological capability. LG Chem’s position in the battery industry is expected to strengthen further. Profit growth is expected to continue due to strong performance in the advanced materials business EP, increased shipments of cathode materials, 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, LG Chem is also judged not to be left out.' He set LG Chem’s target price at 1,400,000 KRW.

Over the past five days, individual investors have net sold 32,011 shares of LG Chem, while foreigners and institutions have net bought 195,938 shares and net sold 159,874 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.