On the 22nd, at the beginning of the market, the stock price of TAE KWANG CORPORATION's affiliate, TKG Huchems, a mid-sized chemical firm, is strong. This is due to the market's outlook that the production disruption of its competitors will act as an external favorable factor, leading to improved performance.
As of 9:23 a.m. on the 22nd, TKG Huchems is trading at 18,830 won, an increase of 1,210 won (6.87%) from the previous trading day in the securities market. This marks the first time the stock price has surpassed 18,000 won since the end of last year.
It is interpreted that expectations from securities firms suggesting that global production disruptions in the soft polyurethane foam (TDI) sector, one of TKG Huchems's products, will serve as favorable factors in the second half of the year have driven the rise in stock prices.
Hwang Kyu-won, a researcher at Yuanta Securities Korea, noted that "the 300,000-ton facility of Covestro, the world's second-largest TDI producer, has halted operations due to a transformer fire this month" and added, "The production disruptions in Europe are positively impacting TDI producers in the Asian region." He also raised TKG Huchems's operating profit forecast for this year from 60.9 billion won to 65 billion won.