Analysts optimistic that SK Innovation’performance will improve in 2nd half
Jul 19, 2017
Analysts in South Korea maintained optimistic toward SK Innovation, the nation’s top refiner, despite a downturn in its second-quarter earnings forecast due to low global crude prices. The fall in the second quarter will be “transient,” analysts say, while SK Innovation stocks will bounce back in the second half of this year, due to the seasonal upward push of crude prices and the refining margin from August to winter on the back of soaring demand.“Seasonal factors of the refining margin will sh