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[Alpha Biz=(Chicago) Reporter Kim Jisun] Regarding Ecopro, a KOSDAQ-listed company whose stock prices have recently soared, Samsung Securities said on the 5th that it has lowered its investment opinion from "buying" to "neutral", saying, "The current stock price compared to net asset value (NAV) is a remarkably high valuation area."
Samsung Securities adjusted its investment opinion in an eco-pro stock report released on the same day, saying, "It is a strange situation where a holding company receives a 20% premium from its stake value."
EcoPro is a holding company of EcoProBM and EcoproHN, which are core materials for rechargeable batteries, and its stock price hovered around 100,000 won at the end of last year and jumped more than five times to 531,000 won on the 30th of last month. It fell slightly to 475,000 won on the previous day, the most recent trading day.
In the case of Samsung Securities, since the physical division of EcoProBM and others, its corporate value has been valued at 30∼70% off, but Jang pointed out that it began to receive a 20% premium, not a discount, from March this year.
Samsung Securities explained that most of the products of its unlisted subsidiaries, such as Eco-Material Materials and Ecopro-innovation, go into the anode material manufacturing raw materials of its listed subsidiary ECOPROBM, focusing on internal sales among affiliates.
However, it added that it will lower its investment opinion because it is lower than the current stock price of 500,000 won.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
