POSCO FUTURE M is showing a strong increase in early trading ahead of its earnings announcement on the 18th.
As of 9:14 a.m. on that day, it is trading at 147,700 won, up 16,500 won (12.58%) compared to the previous trading day.
In the securities industry, it is expected that POSCO FUTURE M will post a loss in the second quarter of this year, but positive evaluations are being made about its future competitiveness.
Shinhan Investment Corp. projected on the 16th that POSCO FUTURE M would record an operating loss of 5.5 billion won in the second quarter. The main reasons cited included costs associated with the operation of the Gwangyang precursor plant and inventory evaluation losses. However, expectations are rising that vertical integration of cathode materials due to precursor plant operations will enhance competitiveness compared to rivals.
Lee Jin-myeong, a researcher at Shinhan Investment Corp., said, "POSCO FUTURE M has the competitiveness to meet the non-Chinese demand of its customers in the anode and cathode material value chain," adding, "The competitiveness of POSCO FUTURE M will become prominent as major customers of cathode materials try to reduce their dependence on China."