Shinhan Financial Investment offered its investment opinion "buy" and target stock price of 220,000 won for SKC.
The investment company expects to innovate its business model through deep change and expand the proportion of Mobility (secondary battery and semiconductor) businesses to 80% (30% in 20 years) in 25 years.
"Since the acquisition of KCFT in 19, stock prices have been on a strong rise due to expectations for copper foil and momentum for chemical performance," Shinhan Investment said. "The rating is expected to continue as new businesses for secondary battery materials and semiconductor materials will serve as new growth engines in the future.".
Shinhan Financial Investment expects the company's fourth-quarter operating profit to be 1,384 billion won (compared to less than -5% quarterly).
"Mobility material sales and operating profit are expected to increase 16% and 13%, respectively, compared to the previous year," Shinhan Investment said. "Although sales are expected to increase due to rising copper prices, profitability is expected to slow down slightly (-0.3%p) and operating profit growth is expected to be limited.".
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