NH Investment & Securities estimated that LG Chem would have posted the highest operating profit in the first quarter due to strong spread of petrochemical products.
The securities firm maintained its target stock price of 1.1 million won with its investment opinion of 'Buy' on LG Chem. Operating profit in the first quarter is expected to reach 1 trillion won.
The securities firm predicted, "As the supply of global petrochemical products is tight due to the cold wave in North America, the second-quarter operating performance will improve further."
Reporter Lee Dong-hoon firstname.lastname@example.org