South Koreas SKC Co., a chemical and tech material producing unit of SK Group, has been witnessing a rally in its stocks over the last two months after its restructuring carried out last year has allowed the company to concentrate its resources to produce more high value-added products.
SKC stocks soared 26 percent from 27,250 won closing of November 9 to an intraday high of 34,350 won on January 2. Despite the recent rally, many market analysts believe the companys stock is still undervalued citing its price-to-book ratio (PBR) of 0.82 that is lower than an average of 1.45 of its peers. Based on the forecast of local brokerage houses, the companys shares would climb up to reach 40,250 won.
Market analysts attributed the rosy outlook t…
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