KRX:096770

Nomura Upgrades SK Innovation to Neutral From Reduce, Adjusts Price Target to KRW118,000 From KRW90,000

SK Innovation (KRX:096770) has an average rating of overweight and mean price target of 145,615.39 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Hanwha Upgrades SK Innovation to Buy from Hold; Price Target is KRW190,000

SK Innovation Returns to Profit in Q1

SK Innovation (KRX:096770) posted first-quarter net income of 964.4 billion won, compared with a net loss of 229 billion won a year earlier, according to a Wednesday filing with the Korea Exchange.The South Korean petroleum business company's sales rose 15% to 24.2 trillion won from 21 trillion won.Shares of the company rose nearly 1% at market close.

Pan Ocean Bags Long-term Cargo Transportation Contract from SK Innovation Subsidiaries

Pan Ocean (KRX:028670) secured a long-term cargo transportation contract from SK Innovation (KRX:096770) subsidiaries, SK Energy and SK Incheon Petrochem, according to a Monday filing with the Korea Exchange.The value of the contract, valid till April 28, 2030, remained undisclosed.Shares of Pan Ocean rose nearly 2% at market close.