In today’s briefing:
- Closing the Gap Between LG Energy Solution & LG Chem Pair Trade
Closing the Gap Between LG Energy Solution & LG Chem Pair Trade
- In this insight, we discuss a pair trade between LG Chem Ltd (051910 KS) (go long) and LG Energy Solution (373220 KS) (go short).
- LG Chem’s shares are trading at nearly 66% discount to its NAV which we believe to be excessive.
- Another major factor that could negatively impact LGES’ shares in the next several months is the end of the lock-up period for the company’s ESOA shares in about three months.
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