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[Apha Biz=(Chicago) Reporter Paul Lee] Hi Investment & Securities raised its target stock price from 48,000 won to 100,000 won on the 11th, saying POSCO International's liquefied natural gas (LNG) upstream (Upstream) and offshore wind power growth are accelerating.
"We will lay the groundwork for POSCO International to invest 3.8 trillion won by 2025 across its energy business to complete the entire LNG value chain (value chain) and to become a global eco-friendly energy company," said Hi Investment & Securities Co.
Hi Investment & Securities also predicted that POSCO International will be able to reassess its valuation as it paves the way for it to become a natural gas upstream company.
Hi Investment & Securities explained, "POSCO International's target stock price was calculated at 100,000 won by applying the target price return ratio (PER) of 22.7 times to the estimated earnings per share (EPS) of 4,411 won next year."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
