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Lotte Energy Materials |
[Alpha Biz=(Chicago) Reporter Paul Lee] Samsung Securities raised its target stock price from 45,000 won to 60,000 won, predicting that Lotte Energy Materials' first-quarter sales will be the highest ever.
Samsung Securities estimated in a report that Lotte Energy Materials' first-quarter sales and operating profit will be 244.9 billion won and 4.9 billion won on a consolidated basis.
"Sales in the first quarter are expected to reach a quarterly high due to quality issues of competitive supply lines in North America," Samsung Securities said. "Although there are selling price and exchange rate variables, the company's sales in the first quarter will be 44% year-on-year and 193.3 billion won, up 4% from the previous quarter."
However, operating profit is expected to improve on a limited basis compared to the increase in sales.
In the second half of the year, sales growth is expected to stand out as there is a possibility of the operation of a new plant in Malaysia and the early operation of a battery joint plant with customers.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
