bearish
Ecopro Materials: Overshooting Share Price and Upcoming End of Lockup in December
874 Views27 Nov 2023 20:33
In this insight, we discuss the upcoming end of lockup in December for Ecopro Materials and why we believe Ecopro Materials' share price will be much lower in 6-12 months.
Boomeranged on Fri, 8 Dec 2023 16:21
KRX announced that it will add Ecopro Materials in KOSPI 200 index effective 15 December to replace K Car due to meeting index fast entry rules. Some local investors have been pushing Ecopro Materials higher on back of this KOSPI200 index inclusion and temporary ban on short selling. This is a classic buy on rumor, sell on news event and we have a Negative view of Ecopro Materials next 12 months.
SUMMARY
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