April 26, 2024

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Its operating profit in the second quarter will rise 9.5 percent on-year to 600.7 billion won, advancing on the back of price hike of Hanwha Chemical’s major products, said analyst Lim Heui-yeon. Its own business will show decent upward headway with 72.4 billion won operating profit, up 10.7 percent on-year, added the analyst. 

When the new administration’s solar energy pledges are realized, Hanwha Chemical’s stock price will spike further, and will lead to assessment of its value, noted Lim. 

Its private subsidiary Hanwha E&C is expected to ink a 300 billion won housing deal in Indonesia, and the fact that the new government’s promise to strengthen regulations on holding companies does not apply to Hanwha is also notable, said the analyst. 

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