[Alpha Biz=(Chicago) Reporter Kim Jisun] Hi Investment & Securities lowered its target stock price of Ecoprobm from 350,000 won to 270,000 won in a report on the 17th. The investment opinion has maintained its 'holding'.

"The sharp drop in stock prices that has occurred since August due to sluggish third-quarter earnings and concerns over expanding lithium phosphate (LFP) battery share is a process of normalizing abnormal," said Hi Investment & Securities Co.

BNK Investment & Securities lowered the target price of Ecoprobm from 300,000 won to 260,000 won. The investment opinion suggested 'holding'.

"EcoProBM's tentative performance in the third quarter is far below market expectations," said BNK Investment & Securities. "It has been affected by a combination of sluggish sales of electric vehicles in Europe and a delay in purchases due to falling raw material prices."

Eugene Investment & Securities maintained its "selling" opinion and target stock price of 200,000 won for EcoProBM.

EcoProBM announced after the closing of the market on the 13th that its operating profit in the third quarter of this year was KRW 45.9 billion, down 67.6% from the same period last year. This is 32.3% below the market forecast of 67.8 billion won.

 

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