The petrochemical corporation LOTTE Chemical is strong early in the session on the 5th. This is interpreted as a result of forecasts from the securities industry that LOTTE Chemical could turn a profit for the first time in four years this year.
As of 9:55 a.m., LOTTE Chemical's stock is trading at 65,500 won, up 4,500 won (7.38%) from the previous day.
In the securities industry, analysis was released that LOTTE Chemical will turn profitable for the first time in four years on this day. Research Institute Gyu-won Hwang from Yuanta Securities Korea predicted in a report that LOTTE Chemical will record an operating profit of 221.2 billion won this year and turn profitable for the first time in four years.
Research Institute Hwang said, “As expectations for falling oil prices benefit increase amid improvements in the supply and demand of global ethylene, the deficit is expected to significantly decrease from the first quarter of this year.”