Eugene Investment & Securities said on the 29th that it will maintain its investment opinion "buy" and target stock price of 180,000 won for OCI.
Eugene Investment & Securities said, "Operating profit in the second quarter recorded an 'earning surprise' that significantly exceeded the market consensus," and explained, "This is due to the increase in the performance of the Basic Chemical division due to the surge in polysilicon.".
In the second quarter of this year, the average price of polysilicon was $ 21 per kg, up 200% from the same period last year. Despite aggressive expansion of wafer companies, polysilicon expansion this year was only 10,000 tons, improving supply and demand balance by 20% p.
"The impact increased the average sales unit price of OCI, which is a month behind international prices, and its performance increased as its Malaysian plant, which has low production costs, continued to operate," said Eugene Investment & Securities.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
