Hyosung Advanced Materials, Foreign Investors Net Sell 13,394 Shares in Last 5 Days... Stock Price 397,000 KRW (+4.2%)

As of 10:31 AM on the 26th, Hyosung Advanced Materials is trading at 397,000 KRW, up 4.2% from the previous day. The trading volume is 71,087 shares, which is 28.39% of the previous day's volume. Hyosung Advanced Materials is known as a chemical fiber manufacturer.

On March 24, Baek Young-chan, a researcher at KB Securities, stated, "The first-quarter earnings are expected to meet consensus. The reasons for the stock price increase are 1) the beginning of improved performance in tire cords, and 3) expansion of new materials (aramid + carbon fiber) and reflection of future value. Securing long-term growth drivers through the expansion of aramid and carbon fiber is positive. However, these positive factors seem to have already been sufficiently reflected in the stock price. Carbon fiber production capacity is expected to expand to 5,000 tons in 2023. It appears that a significant confirmation of carbon fiber-related performance will require a lot of time." He set the target price for Hyosung Advanced Materials at 362,000 KRW.

Over the past five days, individual investors have net purchased 3,699 shares of Hyosung Advanced Materials, while foreigners and institutions have net sold 13,394 shares and net purchased 2,653 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.