S-Oil Outlook: Hana Securities Keeps Buy Rating, Sees Rebound After Oil Price Stability

Hana Securities said on the 12th that S-Oil is expected to begin a full rebound after oil prices stabilize. In the report, the brokerage maintained its existing target price of 130,000 won for S-Oil and also kept its investment opinion at “Buy.” The key context given in the original report is the prospect of recovery after oil price stabilization. The unchanged target price and rating indicate that Hana Securities did not revise its previous view. The main point to watch is whether S-Oil’s rebound materializes after the stabilization of crude oil prices. Source: mk.co.kr