Korea Investment & Securities diagnosed LG Chem on the 28th that growth momentum remains in the high-tech materials sector and others even after the listing of LG Energy Solution.
Investment opinions remained "buy" and target stock prices remained at KRW 1.16 million, respectively.
"Except for the battery business, investor sentiment has been dampened in that it is expected to peak out after the second quarter," Korea Investment & Securities said. "However, even after the listing, growth momentum remains in the high-tech materials sector, focusing on bipolar materials.".
"Now, abundant cash generation capabilities can be fully used to expand existing material businesses and expand value chains," said Korea Investment & Securities "It should be noted that there are a variety of new growth engines that LG Chem will invest in addition to batteries.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
