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According to the report issued on April 30, researcher Park Han-saem from SK Securities said, \u201cSK Innovation\u2019s value will increase thanks to the improvement of the refining business in the short run, and the expansion of the EV battery and separator business in the long run.\u201d \u201cSK Innovation\u2019s value is evaluated at 37.5 trillion KRW and the target stock price is 350,000 KRW for a new coverage with recommended buy.\u201d<\/span><\/p>\n <\/p>\n In addition, researcher Park pointed out, \u201cSK Innovation\u2019s Q1 revenue and operation profit estimates are 9.9192 trillion KRW and 653.1 billion KRW respectively showing a business record much above the consensus.\u201d \u201cIn this quarter, due to the rising oil price (Dubai crude oil price increased from 44.6 US dollars to 60.59 US dollars per barrel), there is a strong regain in the refining business sector, accompanied with inventory profits and strong battery sector business.\u201d He also added, \u201cMoreover, the comprehensive refining business margin is increased from around 1 USD to 3 USD per barrel.\u201d \u201cAs the COVID-19 vaccination is accelerating, there is an increase in the profit margin of gasoline prices, and we need to pay special attention to how the overall margin is improved in the future.\u201d<\/span><\/p>\n <\/p>\n Researcher Park continued, \u201cThe expansion of EV batteries and separator business have brought a high expectation on improved business record.\u201d He specified, \u201cIn case of EV battery business, following the construction of the first two plants in Georgia, USA (total annual CAPA is 21.5GW), new factories are also being expected.\u201d \u201cBesides, SK IE Technology, a subsidiary of SK Innovation, announced a factory expansion in Europe (total annual CAPA will increase from 680 million \u33a1 to 860 million \u33a1).\u201d \u201cSK IE Technology’s listing has started at the top of the public offering, and there is room for multiple increase. At the same time, expectations for earnings growth will continue due to robust captive supplies.\u201d<\/span><\/p>\n <\/p>\n In the same report, researcher Park said, \u201cIn addition to recovering from the downturn of refining business due to COVID-19, SK Innovation is expected to continue to add a premium on its stock price due to the growth of EV battery and separator business.\u201d \u201cMoreover, the company’s value can further increase as its EV battery business is going to turn to surplus due to successive expansions and increasing orders.\u201d<\/span><\/p>\n <\/p>\n On the other hand, researcher Shin Seung-jin and others from Samsung Securities pointed out in a report dated May 3 that SK Innovation can be one of \u201cthe strongest stocks in May.\u201d The researchers went on, \u201cThe winners in the Q1 business record are businesses that are sensitive to economic conditions such as refining.\u201d \u201cThe [refining] industry would continue to have earning surprises that exceed market estimation thanks to the recovery forward demand and widening spreads.\u201d Researcher Shin and others emphasized, \u201cThe supply of intermediate goods is unable to keep up with demand due to the normalization of economic activity following the COVID-19 vaccination and recovery of consumption faster than expected.\u201d They predicted, \u201cIt is highly likely that the record-breaking performance cycle of economically sensitive stocks will continue throughout the year.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" According to the report issued on April 30, researcher Park Han-saem from SK Securities said, \u201cSK Innovation\u2019s value will increase thanks to the improvement of the refining business in the short run, and the expansion of the EV battery and separator business in the long run.\u201d \u201cSK Innovation\u2019s value is evaluated at 37.5 trillion … Read more<\/a><\/p>\n","protected":false},"author":564,"featured_media":5172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,347],"tags":[463,415,462,461,342,464],"class_list":["post-5165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insight","category-trend_report","tag-expectation","tag-forecast","tag-report","tag-securities","tag-ski","tag-stock-price"],"acf":[],"_links":{"self":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts\/5165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/users\/564"}],"replies":[{"embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/comments?post=5165"}],"version-history":[{"count":9,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts\/5165\/revisions"}],"predecessor-version":[{"id":5180,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts\/5165\/revisions\/5180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/media\/5172"}],"wp:attachment":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/media?parent=5165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/categories?post=5165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/tags?post=5165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}