Daishin Securities raised the target price of Lotte Fine Chemical by 13% to 77,000 won and maintained its investment opinion of 'Buy'.
The securities firm said, "Lotte Fine Chemical's operating profit in the first quarter is expected to be 34.5 billion won, slightly above the market expectation of 31.9 billion won. This is due to the improved profitability of ECH, which had posted losses due to the sluggish market,"
The securities also said, "Lotte Fine Chemical is expected to enter new businesses related to battery materials, electronic materials and eco-friendly by expanding cellulose affiliates centered on food and drugs."
Reporter Lee Dong-hoon firstname.lastname@example.org