2023-08-04 15:34:11
© Archyde.com. Stock market, ecopro BM investment opinion down one following another… ‘actually sold’
[알파경제=김다나 기자] Securities companies lined up to give Ecopro BM an investment opinion equivalent to ‘sell’ in effect.
On the 4th, securities companies lowered their investment opinions one following another while issuing a report containing an evaluation of Ecopro BM’s second quarter performance. Although the target price was raised, some suggested a target price lower than the previous day’s closing price.
NH Investment & Securities, IBK Investment & Securities, Kiwoom Securities, and Meritz Securities all downgraded their investment opinions on Ecopro BM from Buy to ‘Neutral’ on the same day.
Samsung Securities and Hi Investment & Securities maintained their ‘neutral’ ratings. The only securities firms that maintain their purchase are Hana Securities, Shinhan Investment & Securities, and Shinyoung Securities.
The general opinion is that giving a ‘neutral’ opinion is actually a ‘sell’ opinion, given that domestic securities companies rarely issue a sell opinion report.
Securities firms raised their target prices, but offered lower levels than the current price. On this day, Samsung Securities (250,000 → 330,000 won), IBK Investment & Securities (150,000 won → 335,000 won), Hi Investment & Securities (265,000 won → 350,000 won), and Meritz Securities (310,000 → 360,000 won) have target prices. raised
However, their target price is lower than the closing price of Ecopro BM (390,000 won) the previous day.
Shinhan Investment & Securities (280,000 won → 400,000 won), NH Investment & Securities (310,000 won → 410,000 won), Kiwoom Securities (340,000 won → 445,000 won), Hana Securities ( 285,000 won → 446,000 won), and Shinyoung Securities (157,500 won → 630,000 won).
The previous day, Ecopro BM announced that its operating profit for the second quarter was 114.7 billion won, an 11.5 percent increase from the same period last year.
There was also a place where a sell opinion was presented. Eugene Investment & Securities maintained its target price of Ecopro BM (KQ:) at 200,000 won and maintained its investment opinion at ‘REDUCE’.
Han Byung-hwa, a researcher at Eugene Investment & Securities, said, “The combined market cap of Ecopro BM and Ecopro is 70 trillion won, and the combined market cap of our clients Samsung SDI and SK Innovation is 63 trillion won.” There are not many factors,” he said.
He added, “This is the reason why it is judged that the excessive stock price rise of cathode material companies due to supply and demand is the cause.”
Most securities firms see Ecopro BM’s stock price as reflecting the company value expected in 2030 ahead of time.
Min-woo Joo, a researcher at NH Investment & Securities, said, “We expect the cathode material production capacity (CAPA) to be 1 million tons in 2030 and 10 million electric vehicles.” “We downgraded our investment opinion considering the limited upside potential of the share price until clues are confirmed.”
Meanwhile, in the KOSDAQ market on this day, Ecopro BM finished trading at 380,500 won, down 9,500 won (2.44%) from the previous trading day. Ecopro also closed the deal at 1,174,000 won, down 33,000 won (2.73%) from the previous day.
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