Kiwoom Securities maintained its target price of 460,000 won for Hyosung Chemical.
"Hyosung Chemical's stock price and performance have been on a sluggish trend recently," Kiwoom Securities said. "This is because LPG prices, which are major raw materials, are soaring and the improvement of Vietnam's expansion is limited due to logistics disruptions and the spread of COVID-19.".
"However, next year's operating profit is expected to increase by 46.9% compared to this year," Kiwoom Securities said. "The premium for specialized PP products is expected to continue while raw material prices are expected to fall.".
"The NF3 operating value, which is close to the current market cap, and the momentum for the completion of the liquefied hydrogen plant, which is only about a year, are factors that can reduce the decline in stock prices unique to cycle stocks," Kiwoom Securities said. "We track LPG prices and recommend split purchases over the next three to four months.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com