April 20, 2024

• 

[THE INVESTOR] SK Chemical’s operating profit on a consolidated basis this year will jump 28.5 percent to 295.4 billion won (US$257.92 million), forecast eBest Investment and Securities on Feb. 21. 

Earnings of SK Gas in particular will leap on the back of a steady increase in demand for LPG, said analyst Shin Jae-hun. 

Its earnings on a standalone basis will rise as well backed by the revenue hike from the PETG factory expansion, brisk sales of four-strain influenza vaccines and the launch of premium vaccines, said the analyst, adding that its operating profit on a standalone basis will reach 63.7 billion won, up 34.6 percent on-year. 

Its stock price is at the lowest in three years, and now is a good time to invest in the company, said Shin.

By Hwang You-mee (glamazon@heraldcorp.com)