Kyobo Securities on the 16th offered its target stock price of 120,000 won along with its investment opinion "buy", saying it expects earnings growth from strong chemical prices.
Kyobo Securities said, "The main reason for Lotte Precision Chemical's rise is the increase in profits of its chemical division, including epoxy auxiliary materials (ECH).".
"What makes Lotte Precision Chemical's chemical division even more attractive is that it can be relatively free from the recently increased maritime fares due to its high proportion of domestic sales," Kyobo Securities explained.
Pseudo soda isn't hurricane either The price strength is expected to continue in the second half of the year as 47.1% of the U.S. production, including the Olin plant in the U.S., has been suspended due to the influence of Ida. An increase in profits in the cellulose family is also expected.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
