SEOUL, KOREA - NH Investment and Securities maintained on December 18 its investment opinion on OCI Inc. at "buy" and the target price of 260,000 won, although it is forecast the polysilicon prices would rebound on the back of a recovery in the solar power market.

 

NH Investment and Securities analyst Choi Ji-whan said, "The prices of polysilicon are expected to rise as the solar power market sees a recovery after years of downturn."

 

Still the effective capacity of polysilicons will remain flat, the analyst said. The solar power industry's global capacity, meanwhile, will show a rapid growth to 47 gigawatts in 2015 from 36 gigawatts this year.

 

"The solar power market will see a strong recovery pace as the supply glut situation softens. As for polysilicon prices, they will show a rising trend, albeit in a somewhat limited manner," he said.

 

The analyst expected the fourth-quarter operating loss for the company would be in the range of 12.7 billion won, with the sales volume for polysilicons for the quarter up 15 percent from the previous quarter.