April 19, 2024
Stocks & Bonds
[EQUITIES] ‘OCI continues to improve’
[THE INVESTOR] OCI will beat first-quarter earnings prospect, said Mirae Asset Daewoo on Jan. 4, raising the target price to 200,000 won (US$187.48).
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Boosted by the price rise of polysilicon, its operating profit from the fourth quarter last year will come in at 99.5 billion won, higher than market consensus, said analyst Park Yeon-ju.
As the price of polysilicon will continue to rise, its operating profit in the first quarter will further improve to 119.3 billion won and for the whole 2018, reach 458.7 billion won, widely beating analysts estimate 305.4 billion won, forecast the analyst.
Led by China, global demand for solar power will rise until 2020, and the stock price of polysilicon companies worldwide will surge in tandem, added Park.
By Hwang You-mee (glamazon@heraldcorp.com)
