POSCO Holdings' stock price has shown strength on the 3rd.

Courtesy of POSCO Holdings

According to the Korea Exchange, as of 9:43 a.m. on this day, POSCO Holdings is trading at 305,000 won, an increase of 17,000 won (5.90%) from the previous trading day.

This is interpreted as a result of optimistic projections from the securities market. On this day, DAOL Investment & Securities raised POSCO Holdings' target stock price from 370,000 won to 420,000 won.

Lee Jung-woo, a researcher at DAOL Investment & Securities, noted, "Despite the second quarter showing a larger loss in the secondary battery materials business, POSCO is expected to report results below consensus for its standalone business division. However, attention should be paid to the anti-dumping results for hot-rolled and cold-rolled steel, which will be announced at the end of this month."

The investigation results for stainless steel (STS) hot-rolled products in June concluded with a 21% tariff, consistent with preliminary results, and it is analyzed that positive results are likely to emerge from the upcoming investigations for hot-rolled and cold-rolled steel.