As of 11:30 AM on the 26th, Hanwha Solutions is trading at 47,700 KRW, down 0.62% from the previous day. The trading volume is 1,716,251 shares, which is about 29.79% of the previous day's volume. Hanwha Solutions is known as a manufacturer and seller of petrochemical products such as caustic soda and PVC.


On March 25, Lee Dong-wook, a researcher at Kiwoom Securities, stated, "According to IHS, strong demand and limited new capacity additions are expected to lead to an upcycle in PVC. Last year, due to COVID-19, the global PVC operating rate dropped to 78%, but it is expected to sharply rise to 81% this year and 90% by 2025. For reference, the company's consolidated PVC production capacity (including its Chinese subsidiary) is 1.13 million tons, ranking it among the top 12 PVC producers worldwide. Meanwhile, LDPE is also expected to maintain a strong market condition until next year due to tight supply and demand of its derivative EVA and restrictions on large-scale capacity expansions," and set Hanwha Solutions' target price at 68,000 KRW.


Over the past five days, individual investors have net sold 642,185 shares of Hanwha Solutions, while foreign investors and institutions have net bought 37,606 shares and 613,824 shares, respectively.



※ Source: AI Investment Assistant AI Rassiro


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

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