[Featured Stock] S-Oil Rises on Expectations of Profit Normalization
![[Featured Stock] S-Oil Rises on Expectations of Profit Normalization](http://www.asiae.co.kr/news/img_view.htm?img=2018092710141420691_1538010855.jpg)
S-Oil is showing strength. This appears to be influenced by expectations of profit normalization due to improved refining margins and rising exchange rates.
As of 10:05 AM on the 9th, S-Oil is trading at 61,800 KRW, up 4.39% from the previous close.
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Yoon Jaesung, a researcher at Hana Securities, stated, "Considering the industry improvement, potential for growth in scale and dividends, and the price-to-book ratio (PBR) that has fallen to historically low levels, this is a time for active buying. We expect a recovery in the refining industry this year, a relative cost advantage of the Shahin project by mid-next year, and significant growth in scale and valuation reappraisal following full operation in 2027."
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