Daewoo Securities announced the positive outlook for dominant position of Cosmo Chemical in TiO2 market.
Investment Opinion is given as “buy” and target share is newly priced at 13,000 won. Joung Keun-Hae, an analyst, commented that Cosmo Chemical is one and only domestic TiO2 manufacturer and therefore has market dominance. Therefore, its domestic sale increase and performance improvement through price increase are foreseeable.
He emphasized that since exports of Cosmo Chemical is accounted for 65% of its total sales, it will largely benefit from increase in the exchange rate. He also added that price increase of TiO2, value appreciation of factory site and potential of new investment related with TiO2 will add more values to Cosmo Chemical.

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