[Market Feature] OCI Holdings Rises 5.87% on Entry into Wafer Business

Acquisition of 65% Stake in Vietnamese Plant

Shares of OCI Holdings, which has entered the solar wafer business and is targeting the U.S. market, are on the rise.

As of 10:02 a.m. on October 15, OCI Holdings was trading at 93,800 won, up 5,200 won (5.87%) from the previous trading day.

On October 13, OCI Terrasus, a wholly owned subsidiary of OCI Holdings, announced that it had established a special purpose company, OCIONE, in Singapore and would acquire a 65% stake in the Vietnamese wafer plant of a global solar company, which is scheduled for completion at the end of this month.

Mirae Asset Securities reflected the expected increase in next year's performance due to the wafer plant acquisition and raised its target price for OCI Holdings from 128,000 won to 131,000 won. The buy rating was also maintained.

Lee Jin-ho, a researcher at Mirae Asset Securities, stated, "Although interest in the solar sector has declined recently and the sector has undergone a 15% correction over the past month, the existing investment points-such as the growing preference for non-Chinese products and expectations for restructuring in the Chinese solar industry-remain intact. The company's entry into the wafer value chain, enabling the establishment of an independent non-Chinese supply chain, is also a new investment point. The stock is currently undervalued, making this an opportune time for aggressive buying."

This content was produced with the assistance of AI translation services.