View of DL Chemical Factory in Yeosu Industrial Complex (photo = DL Chemical)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] IBK Investment & Securities has maintained its investment opinion 'buy' target price for DL at 70,000 won. Cratton, acquired by its affiliate DL Chemical, is expected to turn into a surplus from the first quarter of this year from its operating loss last year.

IBK Investment & Securities said, "DL's operating profit in the first quarter of this year is 82.1 billion won, exceeding market expectations, and this year's operating profit will be 397.2 billion won, up 163% from the previous year."

IBK Investment & Securities said, "Craton is expected to turn into a surplus and the effect of expanding high-profitable products such as PB, POE, IR Latex, and special rubber will be added from this year."

Cratton, which posted an operating loss of about 150 billion won last year, is expected to turn into a surplus from the first quarter of this year.

IBK Investment & Securities added, "DL Energy will continue to be profitable in the first quarter as it has a solid portfolio by investing directly or indirectly in power generation companies in Korea, Australia and Pakistan."

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