External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Government support needed for a smooth consolidation Maintain TP of W64,000 and Hold rating We maintain our target price of W64,000 and Hold rating on Lotte Chemical</li><li>While we expect government-led supply reforms and restructuring in China and Korea, China’s oversupply and high export dependence make a near-term turnaround unlikely</li><li>That said, these measures are essential over the long term, and we believe the direction is appropriate</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Government support needed for a smooth consolidation Maintain TP of W64,000 and Hold rating We maintain our target price of W64,000 and Hold rating on Lotte ChemicalWhile we expect government-led supply reforms and restructuring in China and Korea, China’s oversupply and high export dependence make a near-term turnaround unlikelyThat said, these measures are essential over the long term, and we believe the direction is appropriateContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Lotte Chemical (011170 KS/Hold)Government Support Needed for a Smooth Consolidation