[Featured Stock] LG Chem Declines on Concerns Over Limited Q3 Earnings Improvement
LG Chem's stock price is weak. Concerns that the third-quarter earnings improvement will be limited seem to be affecting the stock price.
![[Featured Stock] LG Chem Declines on Concerns Over Limited Q3 Earnings Improvement](http://www.asiae.co.kr/news/img_view.htm?img=2024042308165448268_1713827814.jpg)
As of 9:29 a.m. on the 4th, LG Chem is trading at 326,000 won, down 2.10% from the previous day.
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Wijeongwon, a researcher at Hyundai Motor Securities, commented on the third-quarter earnings, stating, "Despite the additional decline in metal prices, the recent increase in cathode material prices is positive, but profit improvement will be limited due to a decrease in sales volume." He added, "It will take more time to confirm whether cathode material sales volume can increase amid sluggish electric vehicle sales in Europe."
This content was produced with the assistance of AI translation services.
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