SK IE Technology Could Remain in Red Until 2025 -- Market Talk

Dow Jones10-16

0241 GMT - SK IE Technology could remain in the red until 2025 amid slowing electric-vehicle demand, Nomura analyst Cindy Park writes in a note. Park expects the South Korean lithium-battery-separator supplier to incur losses of KRW194 billion this year and KRW107 billion next year. Muted shipment growth and high fixed costs for its plant in Poland are weighing on the company's earnings, she says. She expects SK's shipments of lithium battery separators to fall by 53% annually until 2025. Nomura downgrades the stock to neutral from buy and cuts its target price by 56% to KRW40,000. Shares are 2.6% lower at KRW34,050. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

October 15, 2024 22:41 ET (02:41 GMT)

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Nomura downgrades the stock to neutral from buy and cuts its target price by 56% to KRW40,000. Shares are 2.6% lower at KRW34,050. 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Park expects the South Korean lithium-battery-separator...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2475627024","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475627024","pubTimestamp":1729046460,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0241 GMT - SK IE Technology could remain in the red until 2025 amid slowing electric-vehicle demand, Nomura analyst Cindy Park writes in a note. Park expects the South Korean lithium-battery-separator supplier to incur losses of KRW194 billion this year and KRW107 billion next year. Muted shipment growth and high fixed costs for its plant in Poland are weighing on the company's earnings, she says. She expects SK's shipments of lithium battery separators to fall by 53% annually until 2025. Nomura downgrades the stock to neutral from buy and cuts its target price by 56% to KRW40,000. Shares are 2.6% lower at KRW34,050. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","IE":"Ivanhoe Electric Inc."},"translate_title":"SK IE技术可能会在2025年之前保持亏损——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IE":1},"content_text":"0241 GMT - SK IE Technology could remain in the red until 2025 amid slowing electric-vehicle demand, Nomura analyst Cindy Park writes in a note. Park expects the South Korean lithium-battery-separator supplier to incur losses of KRW194 billion this year and KRW107 billion next year. Muted shipment growth and high fixed costs for its plant in Poland are weighing on the company's earnings, she says. She expects SK's shipments of lithium battery separators to fall by 53% annually until 2025. Nomura downgrades the stock to neutral from buy and cuts its target price by 56% to KRW40,000. Shares are 2.6% lower at KRW34,050. 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