Foreigners sold 2615 billion won the day before
“For the time being, undervaluation of the industry is inevitable”
LG Chem(854,000 -4.15%)It has been falling for the second day. It is expected that a hit will be inevitable as Volkswagen unveils its plan to install mainly prismatic batteries with a low domestic weight.
As of 10 am on the 17th, LG Chem is trading at 872,000 won, down 19,000 won (2.13%) from the previous day. The previous day, LG Chem plunged 7.76%.
It is interpreted that the remorse of foreigners, who continued to buy net, had a big impact. Foreigners sold 29.2 million shares of LG Chem for 2615 billion won the day before. Since the 10th, it has bought 4523 billion won worth of net purchases for 4 consecutive trading days, but it turned back to sell after a day.
As Volkswagen announced the internalization of the battery, it is interpreted that investment sentiment has shrunk. At a recent conference, Volkswagen announced at a recent conference that it would increase the proportion of standardized prismatic cells by 2030 and reduce costs by internalizing battery factories. It announced that it will develop an integrated battery cell and apply it from 2023, and to 80% of its electric vehicles by 2030.
This is negative news considering that domestic battery companies have a low proportion of prisms. Song Seon-jae, a researcher at Hana Financial Investment, said, “The internalization issue is inevitably negative for the industry, so derating (undervaluation) of the sector seems inevitable for the time being.” It will not be a rating.”
Eunbit Go, reporter Hankyung.com [email protected]
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