이 누리집은 대한민국 공식 전자정부 누리집입니다.

한상넷

비즈니스 정보

Biz News Korea(Eng)

Hansol Chemical shares up 40 percent in 3 months on expectation of new businesses

Collected: 2016.06.07

Distributed: 2016.06.08

Source: Go Direct

Hansol Chemical Co.’s share price has been on the rise amid bearish mood of other chemical companies. Shares of the chemical company ended at 78,200 won ($66) on the main Korea Composite Stock Price Index (Kospi) bourse, up 600 won, or 0.77 percent, from the previous session. The figure is a 40.4 percent increase from three months ago. Foreign investors have net purchased the shares for 16 straight trading days since May 16.

The upward trend of the share price owes much to high expectation on new business of the company whose core business is semiconductor materials. The chemical company showed improving earnings of the business of materials of quantum dot light emitting diode (QLED) for SUHD televisions in the first quarter.

The chemical company recorded 19.8 billion won in operating profit in the first quarter this year, up 67 percent year on year. The company kept the upper hand in the market of hydrogen peroxide for semiconductor material and saw a 19.8 percent operating profit boost thanks to its new businesses of precursor and quantum dot television material.

“The share price is expected to rise further as sales of semiconductor materials have gradually increased and Samsung Display Co. is predicted to construct additional factory in Pyeongtaek,” said Lee Jong-wook, an analyst of Samsung Securities Co. “Sales of new businesses of electronic materials would account for up to 39 percent of total sales in the second quarter,” said Kim Dong-won, an analyst of Hyundai Securities Co.

By Kim Je-lim

Read in Korean

List

Previous: Korea’s Hanwha to bid for Continental Structural Plastics

Next: S. Korean prosecutors raid Lotte Group on slush fund allegations