2023-09-28 20:27:17
© Archyde.com. “Still, it’s a secondary battery”… Ants captured with Pohole and Eco
CityTimes –
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[시티타임스=한국일반] Among the top 10 stocks in net purchase by individuals this month, most were found to be stocks related to secondary batteries.
According to the Korea Exchange on the 28th, the stock purchased the most by individuals on KOSPI and KOSDAQ this month (1st to 27th) was POSCO Holdings (005490), with the total net purchase amounting to KRW 816.7 billion. Even though the overall stock price of secondary battery-related stocks has recently slowed, net buying appears to be maintaining the 800 billion won level, following last month (823.4 billion won).
Following POSCO Holdings, the 2nd to 6th places in the top individual net purchase stocks were all secondary battery-related stocks.
In order of net purchase size, LG Energy Solution (373220) (KRW 344.2 billion), Ecopro BM (KQ:) (KRW 325.7 billion), SK Innovation (096770) (KRW 256.5 billion), LG Chem (KS:) (KRW 245.1 billion), POSCO Future M (003670) (244.7 billion won), etc. In addition, Samsung SDI (006400) (KRW 200.5 billion) and EcoPro (086520) (KRW 188.4 billion) were ranked 8th and 9th, respectively, and 8 of the top 10 stocks were rechargeable battery-related stocks.
Despite their high popularity, secondary battery-related stocks are showing sluggish stock prices this month due to continued negative news. News of a sharp decline in Tesla’s electric vehicle sales in China and the postponement of the UK’s transition to electric vehicles raised questions about the industry’s growth potential, putting downward pressure on battery-related stocks. In addition, investor sentiment has been dampened by the news that the European Union (EU) will classify Tesla (NASDAQ:) electric vehicles produced in China as Chinese-made.
On the 25th, stock prices of secondary battery-related stocks fell all at once, leading the decline. On this day, EcoPro showed a drop of more than 8% compared to the previous day, giving up the 900,000 won range, and EcoPro BM (-8.89%), L&F (066970) (-2.82%), and Geumyang (001570) (-5.25%) also showed weakness, leading to a drop on the KOSDAQ. The index fell 2.12%.
In relation to the recent phenomenon of secondary battery weakness, some see it as a buying opportunity. However, the analysis is that it will be difficult to overcome the trend and turn upward in a short period of time.
Anna Lee, a researcher at Yuanta Securities, said, “As secondary battery stock prices continue to adjust, the market capitalization ratio (EV/EBITDA multiple) of POSCO Future M and Ecopro BM, which were representative high-value stocks, compared to the expected operating cash flow in 2025 has reached 28x and 22x, respectively. “As prices fell, the attractiveness of valuation increased,” he said. However, she said, “The adjustment will continue until October due to poor performance in the third quarter and a gap in orders, especially for cathode companies.”
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