0244 GMT - SK IE Technology may report a narrower-than-expected loss this year as it secures more contracts, including a 291.40 billion won deal in February, Nomura analyst Cindy Park writes in a note. The South Korean lithium-battery separator maker's shipments are forecast to rise 97% in 2025 but fall short of helping it break even, Park says. She expects the company's annual net loss at 74 billion won, compared with her earlier projection of 107 billion won, after factoring in new contract wins and still uncertain electric-vehicle demand. Nomura cuts its target price on the stock by 25% to KRW30,000 and keeps a neutral rating. Shares are 0.2% higher at KRW27,100. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 21:44 ET (02:44 GMT)
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