It is predicted that performance will increase in the secondary battery materials and parts business, which Hansol Chemical is giving strength to.
Hi Investment & Securities raised its target price of Hansol Chemical from 400,000 won to 470,000 won on the 8th. The investment opinion maintained the 'buy'.
Hansol Chemical has focused on selling latex, hydrogen peroxide, electronic materials and other chemicals.
Recently, it has been powering the silicon cathode material and binder business for secondary batteries (parts that fix cathode materials while charging batteries).
Silicon cathode material is a key material that helps reduce charging time for secondary batteries. Hansol Chemical is building a secondary battery silicon electrode production facility with the aim of operating it in 2023.
Hi Investment & Securities said, "Hansol Chemical localized the secondary battery binder, which had been monopolized by Japanese companies in 2018, and its subsidiary Tapax is also growing rapidly as it supplies secondary battery tape to carmakers.".
Hi Investment & Securities added, "Hydrogen peroxide, the existing flagship product, is also expected to be sold steadily due to the operation of new semiconductor lines by Samsung Electronics and SK hynix.".
Hansol Chemical is expected to generate 947 billion won in sales and 270 billion won in operating profit in 2022. Sales are up 21.2% and operating profit is up 25% from 2021 earnings forecast.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
