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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  SK Innovation Co., Ltd.    A096770   KR7096770003

SK INNOVATION CO., LTD.

(A096770)
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South Korea's SK Innovation hires Citi for possible SK Lubricants sale

08/13/2020 | 04:33am EST

South Korea's SK Innovation said on Thursday it has hired Citigroup Global Markets Inc to explore the possibility of selling its subsidiary SK Lubricants.

SK Innovation, owner of the country's biggest oil refiner SK Energy and electric vehicle (EV) battery maker, said it is in the early stage of talks to review the process.

"We are currently reviewing various strategic options to secure financial health and finance our new businesses, but we have not yet decided whether to sell SK Lubricants or how much of a stake we will sell," an official at SK Innovation told Reuters.

SK Lubricants, wholly owned by SK Innovation, produces base oil and finished lubricant products. It could be valued between 3 trillion won ($2.53 billion) and 4 trillion won, Korea Economic Daily reported.

In July, SK Innovation reported a second-quarter operating loss of 440 billion won ($367 million), taking its first-half losses to 2.2 trillion won. A year earlier, it posted an operating profit of 494 billion won in the second quarter.

($1 = 1,184.1200 won)

(Reporting by Heekyong Yang; Editing by Kim Coghill)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. -6.93% 64.23 Delayed Quote.4.17%
LONDON BRENT OIL -2.91% 54.8 Delayed Quote.9.17%
SK INNOVATION CO., LTD. 0.19% 262500 End-of-day quote.38.16%
WTI -3.09% 52.11 Delayed Quote.11.60%
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More news
Financials
Sales 2020 35 449 B 32,1 B 32,1 B
Net income 2020 -2 036 B -1,84 B -1,84 B
Net Debt 2020 10 790 B 9,78 B 9,78 B
P/E ratio 2020 -11,7x
Yield 2020 0,26%
Capitalization 21 830 B 19 798 M 19 778 M
EV / Sales 2020 616x
EV / Sales 2021 528x
Nbr of Employees 6 289
Free-Float 54,9%
Chart SK INNOVATION CO., LTD.
Duration : Period :
SK Innovation Co., Ltd. Technical Analysis Chart | A096770 | KR7096770003 | MarketScreener
Technical analysis trends SK INNOVATION CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 238 076,92 KRW
Last Close Price 262 500,00 KRW
Spread / Highest target 44,8%
Spread / Average Target -9,30%
Spread / Lowest Target -55,0%
EPS Revisions
Managers and Directors
NameTitle
Jun Kim President, Chief Executive Officer & Director
Jang-Woo Kim Head-Finance
Il-Soo Kim Head-Research & Development
Joon Kim Independent Director
Yoon-Kyung Ha Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SK INNOVATION CO., LTD.38.16%19 798
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NESTE OYJ2.13%56 091