SK Innovation's Soaring Value... Target Price Jumps to 400,000 Won

LG and Battery Lawsuit Issue Ends... SKI Opens Up 17% on the 12th
Target Prices Raised Simultaneously by 6 Securities Firms Including Eugene Investment & Securities
Shinhan Investment Corp. and Ebest Maintain Target Prices
Hyundai Motor Securities Lowers Target Price to 290,000 Won

[Asia Economy Reporter Ji Yeon-jin] The valuation of SK Innovation is soaring. As the two-year-long battery trade secret infringement lawsuit issue with LG Chem (LG Energy Solution) comes to an end, securities firms have collectively raised their target prices for SK Innovation.

On the 12th, SK Innovation started trading on the KOSPI market at 277,500 KRW, up 17.7% from the previous trading day. The price even rose to 281,500 KRW in early trading. As of 10:43 a.m. that day, the stock was trading at 273,000 KRW, up 14.50% (35,000 KRW).

The company's stock price had dropped 19.73% (58,500 KRW) since February 10, when the U.S. International Trade Commission (ITC) ruled in favor of LG Energy Solution regarding patent infringement related to battery separators. However, following the dramatic settlement between SK Innovation and LG Energy Solution the previous day, the stock price has been soaring since early trading.

On this day, securities firms successively raised their target prices for SK Innovation. Eugene Investment & Securities raised its target price from 326,000 KRW to 400,000 KRW. Shin Young Securities also raised it from 350,000 KRW to 370,000 KRW, and KTB Investment & Securities increased it from 280,000 KRW to 340,000 KRW. Hana Financial Investment raised it from 260,000 KRW to 290,000 KRW, and Kiwoom Securities announced that it would reissue the target price of 340,000 KRW, up from 184,000 KRW six months ago. Shinhan Investment Corp. (330,000 KRW) and Ebest Investment & Securities (377,000 KRW) maintained their target prices. Park Il-seon, a researcher at KTB Investment & Securities, analyzed, "With the battery lawsuit settlement, the risk of withdrawing from the U.S. business is resolved, and the corporate value will be re-evaluated. The corporate value calculated using the SOTP (Sum Of The Parts) method is 31 trillion KRW in total, indicating a 42.9% upside potential compared to the current market capitalization."

However, Kang Dong-jin, a researcher at Hyundai Motor Securities, raised the investment opinion to "buy" but lowered the previous target price from 300,000 KRW (February 1) to 290,000 KRW. Researcher Kang said, "The lawsuit uncertainty has been resolved, and if SKIET, which accounts for a high sales proportion of SK Innovation, goes public, it will be positive for corporate value, but it is necessary to reflect the lawsuit settlement payment, subsidiary equity securitization, and uncertainties regarding pouch cells."

This content was produced with the assistance of AI translation services.