Lotte Chemical Dividend

Let’s write about Lotte Chemical and its dividends.

Source: Lotte Shopping website

Source: Naver Securities

Lotte Chemical is listed on KOSPI and ranks 53rd in market capitalization (as of December 2023).

 

 

 

 

Index

• Lotte Chemical Description
• Business area
• Latest articles, issues
• stock
• comparison target
• Industry, theme
• dividends
• Lotte Chemical Naver Securities, Google Finance
• Dividend posting for comparative stocks (SKC, LG Chem, Kia, S-oil, Hyosung T&C)

Lotte Chemical Corporation is a petrochemical company that produces synthetic resins, synthetic fiber raw materials, and synthetic rubber using aromatic products such as benzene, toluene, and xylene, and their basic oils. It is an affiliate of Lotte Group and is included in the KOSPI 200 stocks. KP Chemical was absorbed and merged, and the company name was changed from Honam Petrochemical to Lotte Chemical in December 2012. We have established a joint venture company, Uz-Kor Gas Chemical LLC, with a 50:50 stake with Uzbekneftegaz, Uzbekistan's state-run oil and gas company, and are constructing and operating a gas chemical complex.

Sales consist of 51% polymer, 28% monomer, 20% basic oil, and others.

 

 

 

Lotte Chemical Business Area

• Basic materials business (synthetic resin, chemical products, basic oil products)
• Advanced materials business (high-performance synthetic resin, architecture/interior, water treatment products)
• Hydrogen energy business (ammonia co-fired power generation, hydrogen fuel cell, hydrogen turbine, hydrogen storage vessel)
• Battery materials business (lithium-ion battery materials, next-generation battery solutions)
• Recycle up (PCR material, C-rPET)
• R&D

Lotte Chemical’s latest articles and issues (as of December 2023)

As Lotte Chemical, which has been hit hard by the global economic downturn, is experiencing prolonged slump, it is said that the responsibility of President Lee Hoonki, who was appointed as the new head, has become more important. Lotte Chemical, which had previously suffered losses for five consecutive quarters, is said to be difficult to guarantee a surplus in the fourth quarter.

 

 

 

Lotte Energy Materials, which was acquired with a large amount of money this year, is also said to be struggling and is working to secure profitability by revising its investment plan for new businesses. In order to achieve Lotte Chemical's previous goal of '50 trillion won in sales by 2030,' there is an assessment that bold decisions and leadership from the new president are needed.

 

 

The previous day, Lotte Group carried out regular executive personnel reshuffles for 2024, appointing President Lee Hoonki as CEO of Lotte Chemical and general representative of Lotte Group's chemical group. President Lee, who majored in chemical engineering at Seoul National University, served as CEO of Lotte Chemical Titan from 2010 to 2013 and head of Lotte Chemical's Planning Department in 2014, so he is said to have a high understanding of the chemical industry.
 
With President Lee's appointment, Lotte Chemical made some adjustments to its new business investment plan. The investment period for the PET depolymerization facility at the Ulsan plant has been delayed by more than three years from June 2024 to December 2027. Previously, Lotte Chemical invested about 100 billion won in 2021 to build Korea's first depolymerization plant (45,000 tons) in Ulsan by 2024, and will build a production facility (110,000 tons) that will use BHET, a recycled raw material produced here, to make recycled PET. t scale) has also been announced. The recycled PET production facility was completed last year, but investment in the previous step, the depolymerization plant, was delayed.
 
An official in the petrochemical industry said, “Chemical recycling is a market that has only just begun to bloom, and there would have been uncertainty in continuing the investment as planned at this point, when the industry conditions were worse than when the investment was planned.”
 
Lotte Chemical recorded losses for five consecutive quarters from the second quarter of last year to the second quarter of this year, and the cumulative loss during this period is said to amount to 948.5 billion won. Lotte Energy Materials, which was acquired by investing 2.7 trillion won early this year, also recorded a combined operating profit margin of only 1.8% in the first to third quarters. Lotte Chemical turned a profit in the third quarter with an operating profit of 28.1 billion won, but some say this is a temporary phenomenon. Yoon Yongsik, a researcher at Hanwha Investment & Securities, said, “As oil prices soared, the prices of our naphtha and products also rose, resulting in a positive inventory and lagging effect.” He added, “The inventory and lagging effect is likely to have a negative effect in the fourth quarter.” “It’s high,” he said.
 
Securities analysts predict that Lotte Chemical will turn into a loss in the fourth quarter of this year, with an operating loss of 7.2 billion won. Lotte Chemical plans to immediately focus on securing profitability through high value new materials. The goal is to make up 60% of sales from high value-added items and eco-friendly sectors by 2030 and achieve total sales of 50 trillion won.

Lotte Chemical stock price (as of December 2023)

Lotte Chemical's stock price is down -12.41% compared to last year.

 

 

The 52-week high was 194,300 won and the 52-week low was 126,300 won.

Click on the image to enlarge it.

 

Lotte Chemical comparison target

• SKC
• LG Chem
• Kia
• S-oil
• Hyosung T&C
• KT&G
• Korean Oil Painting
• DL E&C

Lotte Chemical Industry, Theme

• Industry: Materials
• Theme: Petrochemical

Lotte Chemical dividends

Lotte Chemical has paid annual dividends since 2015.

 

 

 

 

The market dividend rate is 2.2%.
The dividend month is April.

 

 

Lotte Chemical Naver Securities, Google Finance

For those who would like to check the detailed securities information of Lotte Chemical, we will provide a link below. (Sorry. The items below are not yet written in English, so I have linked posts written in Korean. I will post again in English later.)
 
Naver Securities

롯데케미칼 - 네이버페이 증권 : 네이버페이 증권

Google finance

롯데케미칼(011170) 주가 및 뉴스 - Google Finance

Lotte Chemical comparison stock dividend posting
(SKC, LG Chem, Kia, S-oil, Hyosung T&C)

This is a dividend posting about Lotte Chemical's comparative stocks.
(Sorry. The items below are not yet written in English, so I have linked posts written in Korean. I will post again in English later.)
 
Domestic stocks - SKC

SKC 배당금

 

Domestic stocks - LG Chemical

LG화학 배당금

Domestic Stocks - Kia

기아 배당금

Domestic stocks - S-oil

s-oil 배당금

Domestic stocks - Hyosung T&C

효성티앤씨 배당금

If you don't find a way to make money while you sleep, you'll have to work until you die.
by Warren Buffett

All responsibility for investment decisions lies with the investor.
This article is written for informational purposes.
It does not provide stock recommendations and was written based on the author's study and information.