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March 29, 2024

[EQUITIES] ‘Lotte Fine Chem undervalued’

PUBLISHED : May 18, 2018 - 14:46

UPDATED : May 18, 2018 - 14:46

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[THE INVESTOR] Lotte Fine Chem’s stock price is picking up slower than its growth, said Korea Investment and Securities on May 18, maintaining a “buy” recommendation and 100,000 won (US$92.50) target price.
 



The chemical sector as a whole has been affected by concerns over the possible shrinking margins of petrochemical products as oil prices have risen, but this is a golden opportunity to purchase stocks, said analyst Lee Do-yeon.

Lotte’s fundamentals are improving fast across its major product categories, and its operating profit in the second quarter will almost double from last year, 17 percent higher than market consensus. In contrast to the earnings grow, its stock price has been declining and investors should also keep in mind that its major products have entered a long-term upcycle that will last for years, added the analyst.

By Hwang You-mee (glamazon@heraldcorp.com)

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