Korean brokers slash Netmarble target by 25.9% and LG Chem by 15.9%

IBK Securities cut its price target for Netmarble by 25.86%, to 43,000 won from 58,000 won, on Nov. 6. It was the largest percentage cut among the five revisions covered here.

Four of the five were reductions, measured against each brokerage’s previous target for the stock. The exception was KT&G, whose target rose 5.60%. All five reports listed Buy ratings.

Target-price changes

In absolute won terms, the largest change among these five revisions was the 70,000-won reduction for LG Chem. Mirae Asset Securities lowered its target to 370,000 won from 440,000 won in its Nov. 6 report, a 15.91% cut.

For GS P&L, IBK cut its target by 12.50%, to 70,000 won from 80,000 won. It also lowered Kakao’s target by 9.43%, to 48,000 won from 53,000 won. Both reports were dated Nov. 6.

Earnings caveats

LG Chem’s third-quarter 2026 consolidated operating profit was 561.2 billion won, about 23% above the 457.1 billion won consensus cited by Mirae Asset. Excluding LG Energy Solution, however, operations posted an operating loss of 194.8 billion won.

At GS P&L, staffing costs rose with hotel occupancy, while variable costs increased with revenue, limiting operating profit growth, according to IBK.

KT&G target increase

The target for KT&G rose to 264,000 won from 250,000 won in Kiwoom Securities’ Nov. 6 report. The increase was 14,000 won per share, or 5.60%.

Nov. 5 investor trading

Separately, the Nov. 5 investor-trading figures below cover SK hynix and Samsung Electronics. They predate the Nov. 6 reports and do not show investor reactions to those reports. The figures are net share counts from Naver Pay Securities.

Foreign investors sold a net 1,179,521 SK hynix shares, while institutions bought a net 233,663 shares.

For Samsung Electronics, foreign investors sold a net 5,772,197 shares, while institutions bought a net 75,714 shares.