[Featured Stock] POSCO Chemical Hits 52-Week High... Surges Over 6% Intraday

[Asia Economy Reporter Minji Lee] POSCO Chemical surged more than 6% intraday, hitting a 52-week high.

At 10:20 a.m. on the 14th, POSCO Chemical was trading at 235,500 KRW, up 6.08% from the previous trading day. The company's stock price soared to 238,500 KRW intraday. It is analyzed that foreign investors' net buying played a key role in the stock price increase. Foreign investors have purchased about 53,000 shares in the market so far.

POSCO Chemical is expected to record solid earnings next year based on abundant momentum. The sales proportion of anode and cathode materials, which are secondary battery materials, is expected to expand from 43% last year to 77% next year.

Jinsu Park, a researcher at Shin Young Securities, said, "The company is capable of producing materials that meet the standards required by the IRA Act through vertical integration of the material supply chain, including lithium, nickel, graphite, and precursors," and added, "Next year, the sales proportion of NCMA cathode materials in North America will exceed 60%, which will also lead to margin improvement."

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