[THE INVESTOR] OCI
’s polysilicon factory in Malaysia, which it acquired in April, is nearing full operations fast, said Mirae Asset Daewoo on Sept. 13, raising the target price to 140,000 won (US$124.25) from 110,000 won and suggesting a “buy” recommendation.
The manufacturing facility’s operation ratio is picking up faster than expected bringing down costs, while the price of polysilicon remains strong, said analyst Park Yeon-ju, estimating that the firm’s third-quarter revenue will widely beat market estimates at 45.8 billion won.
Demand for polysilicon in China is expected to rise and its earnings are likely to improve boosting its stocks, added the analyst.
By Hwang You-mee (email@example.com