We examine the investment points of four companies selected by Chosun Ilbo's manager.
The company's smooth expansion of data centers has been positively evaluated. Furthermore, considering the first-half performance, there is a high possibility that interim dividends, which will start from the fourth quarter, will increase.
This is expected to establish SK as a strong player in data center operations in the future.
This expansion plan is expected to achieve 5 trillion won in sales and 1 trillion won in operating profit by 2032.
This is an increase of approximately 67% compared to current dividends, making it an attractive factor for investors. Strengthening dividend yields along with the growth of the data center business is effective from a mid-to-long-term investment perspective.
This is attributed to improved performance of its subsidiaries, Tongyeong Eco Power and HDC Hyundai Development Company, in the second half. Additionally, the ability of HDC to expand its business portfolio by utilizing its owned land for data center and terminal development is positively evaluated.
Furthermore, the upward trend in energy prices is expected to continue until the fourth quarter, leading to a ripple effect of benefits.
Based on a 12-month forward, its PER is 2.1x and PBR is 0.38x, indicating it is highly undervalued. With a suggested upside potential of 250% relative to the current stock price, it offers significant investment appeal.
The company is benefiting from selling inventory, acquired cheaply from Aramco, at higher prices. Furthermore, once the SHINE Project is completed, the proportion of petrochemical product sales is expected to expand from the existing 12-13% to over 25%. This project enables the production of basic petrochemicals without direct crude oil refining.
Lotte Chemical is responding to deteriorating profitability and continuous losses due to the expansion of production facilities in China. Following the NCC division of the Daesan plant, it is integrating the joint venture with HD Hyundai Chemical and adjusting facilities even at the Yeosu industrial complex. It is halting operations of loss-making production lines, divesting non-core subsidiaries, and reducing large-scale new investments. Through these efforts, it aims to transform from a business structure centered on basic petrochemicals to a high-value-added specialty basic material company.
Answers come from the transcript, with the exact spot cited.
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