"Lithium Prices Are Climbing Again" POSCO Holdings Target Price Raised to 550,000 Won... CJ Sees Share Cancellation at Olive Young After Japan-Korea Travel Boom [Stocktopia]

[The Financial News] On the morning of February 2, here is a summary of key reports from major securities firms.
Analysts expect POSCO Holdings to see improved profitability in its secondary battery and other related businesses thanks to higher lithium prices. Hyosung Heavy Industries is projected to post strong growth this year on the back of rising demand for power equipment in North America and Europe. CJ Group’s target price has been raised, supported by the boost from increased travel between Japan and Korea and expectations for share cancellation at Olive Young.
◆POSCO Holdings (005490)― Sangsangin Investment & Securities / Analyst Kim Jin-beom
- Target price: 550,000 won (raised from 400,000 won)
- Investment opinion: Buy
Sangsangin Investment & Securities raised its target price for POSCO Holdings from 400,000 won to 550,000 won, stating that higher lithium prices will enhance profitability in its related businesses. Analyst Kim Jin-beom assessed that POSCO Argentina S.A.U. will be able to fully enjoy the earnings upside from the rise in lithium prices. He noted that temporary weakness at the initial operation stage of the first plant is inevitable due to low-priced contracts and component supply issues, but projected that operations will soon get on track.
◆Hyosung Heavy Industries (298040)― Daishin Securities / Analyst Minho Heo
- Target price: 3.3 million won
- Investment opinion: Buy
Daishin Securities stated that Hyosung Heavy Industries is poised to benefit from expanding demand for power equipment. Analyst Minho Heo explained that global demand for ultra-high-voltage transformers continues to grow, while the need to stabilize power grids is surging due to the expansion of renewable energy. He forecast that Hyosung Heavy Industries still has significant upside potential. Heo added that, in particular, Europe is expected to see continued expansion of power equipment for offshore wind power over the medium to long term under the Hamburg Declaration.※ Hamburg DeclarationThis is a plan agreed upon by major European countries in Hamburg in January 2026 to expand offshore wind power in the North Sea. It aims to build 100 GW of offshore wind power capacity in the North Sea by 2050 and interconnect cross-border power grids, thereby reducing dependence on gas imports from Russia and the U.S. as part of an energy security strategy.
◆CJ Group (001040)― DS Investment & Securities / Head of Research Suhyun Kim
- Target price: 290,000 won
- Investment opinion: Buy
DS Investment & Securities projected that CJ Group is likely to post record earnings, driven by increased travel between Japan and Korea and momentum from the Spring Festival. Head of Research Suhyun Kim highlighted that foreign customers accounted for more than 25% of Olive Young’s sales last year and that the number of nationalities has expanded to 190. Kim also pointed out that foreign customer sales at Olive Young are spreading beyond the greater Seoul area to other regions. If 22% of Olive Young’s treasury shares are cancelled, using the revised Commercial Act’s requirement for share cancellation as justification, the company’s book value per share (BPS) is expected to be maximized.

sms@fnnews.com Sung Min-seo Reporter