[Featured Stock] Lotte Chemical, Weakness Due to Poor Q3 Performance
The stock price of Lotte Fine Chemical is weak. It is interpreted that a selling spree occurred as the third-quarter earnings fell short of market expectations.
![[Featured Stock] Lotte Chemical, Weakness Due to Poor Q3 Performance](http://www.asiae.co.kr/news/img_view.htm?img=2021042815394212390_1619591982.png)
At 9:33 a.m. on the 1st, Lotte Fine Chemical was trading at 44,250 won, down 4.43% from the previous day.
Lotte Fine Chemical announced yesterday that its consolidated operating profit for the third quarter of this year was preliminarily estimated at 10.3 billion won, a 70.7% decrease compared to the same period last year. This is below the market expectation of 19.5 billion won.
Hot Picks Today
Police Officer Who Falsely Closed Jang Miran’s Missing Person Case Received Police Commissioner’s Commendation for “Finding Missing Person” a Month Later
- "No More Remote Work? 'I'll Quit'...Japanese Companies Increasing Office Attendance Face Growing Pushback"
- Doosan Enerbility Sends CEO Jung Yeonin to Nepal Flood Site as Five Employees Remain Missing
- Children, Grandchildren, and Great-Grandchildren... Stir Over Donghak Revolution Descendants Receiving 100,000 Won Monthly Stipend 132 Years On
- "Soojung Lee Questions Cause of Death for Jang Miran: 'A Young Woman Hanging Herself on a Palm Tree at Night? That's Laughable'"
Kang Dong-jin, a researcher at Hyundai Motor Securities, analyzed, "The ammonia trading volume was lower than expected, and the green materials also did not improve significantly compared to the previous quarter as initially anticipated." However, Kang added, "Although short-term performance was poor, considering the price increase of main products and the trend of spread improvement, it is expected to improve from the fourth quarter."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
