The results of the battery litigation between the two companies, which ended with’LG Chem wins and SK Innovation loses’, are expected to have a negative impact on SK Innovation’s share price in the short term. However, as SK Innovation’s battery business has bright growth potential, there is also an opinion that a “buy opportunity” should be given when the stock price falls.
According to the Korea Exchange on the 14th, SK Innovation’s stock price rose 56.1% this year to 296,000 won as of the 10th. Compared to other battery stocks, such as LG Chem at 16.5% and Samsung SDI at 24.7%, it is a significant increase. Last year’s fourth quarter results were below the financial investment industry’s forecast (consensus), but the target price reached 400,000 won as expectations for the growth of the battery business grew.
The financial investment industry responded that the battery business, which was the main factor in the rise of SK Innovation’s stock price, was partially hit, and that it is concerned about negative effects in the short term. An analyst at a securities firm who requested anonymity said, “SK Innovation’s share price has risen due to expectations for the battery business, but as negative news becomes a reality, it seems inevitable that the stock price declines.” Evaluated as.
Han Sang-won, a researcher at Daishin Securities, said, “This result is the same as the judgment of early loss, and there is a grace period, so it will not change the corporate value in the mid- to long-term.” When this is decided, if the stock price shows a correction in this case, it is a buying opportunity.”
In a report at the end of last month, DB Financial Investment lowered its rating from’Buy’ to’Neutral’, saying that the rate of reflection of the stock price is too fast despite expectations for battery and separator growth. On the 1st, Hana Financial Investment also lowered its investment opinion to’Neutral’, saying that financial risks are high.
In the case of LG Chem, the results of this pre-lawsuit are unlikely to significantly affect the stock price.
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