Hana Financial Investment said on the 6th that KCC is expected to reevaluate its corporate value as a global top-tier material company along with its silicon competitive edge.
In response, it published a new KCC analysis report, offering investment opinions and target stock prices at "buy" and 550,000 won, respectively.
"We are paying attention to silicon as the next spandex," Hana Financial Investment said. "Silicon's competitive advantage and growth potential are beyond spandex.".
The company's silicon patents are 370,000 cases, 45 times more than spandex, and they are free from threats from China because they have high technology.
"Unlike spandex, silicon front (industrial) is very diverse as electrical and electronics, architecture, automobiles, renewables and cosmetics,"
Hana Financial Investment said. "Recently, silicon has been increasing its penetration rate, replacing existing materials, and has hidden growth points as it is emerging as a key material for electric and renewable businesses.".
"The current stock price is absolutely undervalued at 6.5 times its stock price earning ratio (PER)," Hana Financial Investment said. "We expect to reevaluate its corporate value as a global top tier material company, considering its global competitive advantage in the silicon business and its record-high performance this year and next year.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
