[Asia Economy Reporter Park Soyeon] SK Securities has raised the target price of OCI to 195,000 KRW.
According to FN Guide on the 9th, SK Securities recently raised OCI's target price from the previous 160,000 KRW to 195,000 KRW in a report, maintaining a buy rating.
Hansem Park, a researcher at SK Securities, forecasted, "The strength of polysilicon and the concretization of plans to expand the global renewable energy share will provide growth drivers."
He expected the third quarter sales and operating profit to be 1.0649 trillion KRW and 198.2 billion KRW, respectively.
Researcher Park said, "Following the second quarter, the continued strength of polysilicon is expected to result in strong performance in the Basic Chemicals division."
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He added, "Along with the tight supply and demand of polysilicon, the rise in the price of the raw material metal silicon contributed to the strength of polysilicon. The price pass-through power due to the increase in metal silicon raw material prices appears to be strongest in polysilicon, and the short-term price advantage is expected to be maintained."
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