On the 21st, LG CHEM's stock price is strong at the start of the market. This is interpreted as improved investor sentiment due to continued expectations for results improvement in the second half.
As of 9:47 a.m. on the 21st, LG CHEM is trading at 286,500 won, up 14,000 won (5.14%) from the previous trading day in the KOSDAQ market.
On this day, the prospect from the securities industry is that LG CHEM's results will hit a low in the second quarter (April to June) and rebound, which is seen as leading to a surge in buying.
Kiwoom Securities forecasted that LG CHEM will show improvement in both the cathode material and petrochemical sectors in the second half. They presented a target price of 340,000 won, which is a 30% increase from the previous one.
Kim Do-hyun, a researcher at Kiwoom Securities, noted, "Considering both the improvement in cathode material results and petrochemical results in the second half, there is sufficient potential for an increase," adding, "The cumulative effect of China's economic stimulus is ongoing, while the spread of certain products such as ABS is improving."
Choi Young-kwang, a researcher at NH Investment & Securities, said on this day, "Shipments of cathode materials targeting non-captive (sales outlets that are not existing fixed customers) are expected to commence by year-end," and added, "Sales expansion due to next year's production facility expansion and easing of the reverse lagging effect are anticipated," raising the target price from 250,000 won to 370,000 won, an increase of 48%.