[Market Focus] Hansol Chemical Rises 3.72% on Strong Performance Growth
The stock price of Hansol Chemical, which is showing a clear trend of performance growth, is on the rise.
As of 11:11 a.m. on August 19, Hansol Chemical was trading at 175,500 won, up 6,300 won (3.72%) from the previous trading day.
In the second quarter of this year, Hansol Chemical recorded sales of 221.9 billion won and operating profit of 48.9 billion won. This performance is in line with the market consensus.
On this day, iM Securities stated that Hansol Chemical is "undervalued compared to its clear performance growth trend," and maintained a "Buy" investment rating with a target price of 230,000 won. Researcher Jung Wonseok of iM Securities said, "After hitting bottom last year, the company is expected to show a clear performance growth trend centered on hydrogen peroxide, precursors, and secondary battery materials," adding, "There is also sufficient potential for an upward revision of the applied multiple (price-to-earnings ratio)."
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He continued, "Next year, the supply of hydrogen peroxide related to SK Hynix's Cheongju M15X plant is expected to begin in earnest, and there is also the possibility of securing orders related to Samsung Electronics' Pyeongtaek Plant 4 (P4). Currently, Hansol Chemical's stock price demonstrates high valuation attractiveness in the domestic semiconductor materials sector. We recommend using any stock price corrections as buying opportunities," he added.
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