It appears that buying by pension funds has continued even after LS Eco Energy made a prior disclosure of a related-party equity sale.
According to the financial investment industry on the 23rd, after LS Eco Energy disclosed a related-party equity sale on Aug. 21, pension funds made a net purchase of 90,197 shares of LS Eco Energy stock through the day. That is about 3.6 billion won.
During the same period, LS Eco Energy's share price also rose about 3.7%, from 38,300 won to 39,700 won. Despite the large block sale, investor sentiment did not deteriorate much.
Pension funds have steadily bought LS Eco Energy shares since the start of the year. The number of LS Eco Energy shares held by pension funds also increased from 1,850,377 shares (equity stake 6.04%) on Jan. 13 to 1,980,753 shares (6.47%) as of the 22nd.
In the market, pension funds are seen as expecting medium- to long-term growth related to LS Eco Energy's main businesses, including subsea cables, data center infrastructure, and the rare-earth value chain (supply chain).
A financial investment industry official said, "It is meaningful that pension funds continued net buying even after the related-party sale disclosure," adding, "It is evidence that institutional money trusts LS Eco Energy's medium- to long-term growth potential."