Hana Financial Investment analyzed that Korea Petrochemical's stock price has recently risen, but it is still undervalued. In response, Hana Financial Investment maintained its 'Buy' opinion of the Korea Petrochemical and raised the target price by 14.3% from 350,000 won to 400,000 won.
The Investment firm expects Korea Petrochemical's operating profit to reach 88.1 billion won in the first quarter of this year, a turnaround from a year earlier. It is in line with the previous estimate of 86.3 billion won.
The investment firm predicted double-digit growth in operating profit of Korea Petrochemical in the second quarter. Operating profit for the second quarter is expected to rise 51% year-on-year to 109.4 billion won.
Reporter Lee Dong-hoon email@example.com