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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  SK Innovation Co Ltd    096770   KR7096770003

SK INNOVATION CO LTD

(096770)
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SK Innovation : S. Korea to restart oil imports from Iran in Jan-Feb

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01/11/2019 | 07:44am EDT

In November, South Korea won a six-month waiver from sanctions, imposed by the United States, allowing to purchase a limited amount of Iranian oil.

“As South Korea received a waiver and has been in talks with Iran about the first import volume, it seems (Iran oil) could be brought in late in January or early February at the earliest,” SK Innovation Chief Executive Officer and President Kim Jun told Reuters on the sidelines of the Consumer Electronics Show (CES) in Las Vegas.

South Korean and Japanese buyers were expected to restart Iranian oil imports early this year, industry sources said in November. South Korea can buy up to 200,000 barrels per day of Iran oil, mostly condensate, an ultra-light form of crude oil under the waiver, the sources said.

South Korea was the third-biggest buyer of Iranian oil and the largest importer of Iranian condensate before the US sanctions were reimposed in November.

Kim also said that SK Innovation, a supplier of electric vehicle (EV) batteries to Daimler and Volkswagen, may increase the investment into its US-based EV battery manufacturing business to $5 billion to secure more of the market.

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(c) 2019 http://www.irna.ir All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (KRW)
Sales 2019 53 297 B
EBIT 2019 2 174 B
Net income 2019 1 481 B
Debt 2019 4 224 B
Yield 2019 4,96%
P/E ratio 2019 10,01
P/E ratio 2020 7,58
EV / Sales 2019 0,36x
EV / Sales 2020 0,36x
Capitalization 14 992 B
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 232 111  KRW
Spread / Average Target 45%
EPS Revisions
Managers
NameTitle
Jun Kim President, Chief Executive Officer & Director
Chang-Geun Kim Chairman
Jong-Rin Park Head-Operational Support
Jin-Seok Cha Head-Finance
Jang-Woo Kim Head-Finance II
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