by Hwang Yoonju
Published 10 Apr.2023 10:03(KST)
EcoPro, the second largest by market capitalization on KOSDAQ, has reached a new all-time high.
At 9:54 AM on the 10th, EcoPro was trading at 664,000 KRW, up 14.68% (85,000 KRW) from the previous trading day. During the session, EcoPro surpassed 670,000 KRW, setting a new 52-week high.
EcoPro is the holding company of the EcoPro Group, which includes EcoPro BM and EcoPro HN, producers of cathode materials, a key component of secondary batteries. At this time, foreign investors are net selling shares worth 7.073 billion KRW.
Brokerages assess that EcoPro's stock price is overheated. Jang Jeong-hoon, a researcher at Samsung Securities, stated, "The current stock price is significantly overvalued compared to the net asset value (NAV)," and downgraded the investment opinion from 'buy' to 'neutral.'
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.