OCI Holdings has been restructured in the following manner:
① According to a recent DB Bond Research Institute report, under the anticipated enforcement of U.S. import restrictions, OCI Holdings had to adjust its short‑term performance downward, lowering its target price from 3.6 million won to 3.0 million won. This reflects a combined effect of rising consumer sentiment and currency exchange influences.
② DB Bond estimates that OCI Holdings’ consolidated operating profit for Q3 is about ₩62.9 billion, down 41.8% versus the preceding quarter (and somewhat lower than last year’s same period). At this juncture, consensus (the bond market average) of ₩100.7 billion may be substantially exceeded.
③ The principal cause of the realized decline is the combination of policy‑driven supply tightening and currency‐related conditions following U.S. announcements. With the 232‑trillion‑won “U.S. Tariff Act” announced and the impending implementation of a minimum import price (MIP) in December, market purchasing sentiment has weakened. Moreover, with the strong domestic demand, profitability improvement is constrained; the development subsidiary OCI E’s project revenue (~₩20 billion) was delayed to Q4, also contributing to the decline.
④ Nevertheless, the company expects a recovery in sales volume starting from Q4, and after MIP implementation in December, price stability should normalize. Researcher Han Seung‑jae notes that short‑term performance may not meet market expectations, but following MIP, the U.S. market is expected to normalize. He adds that with secured major customers, expanded production, long‑term supply agreements (LTA), and necessary capital for expansion, a robust financial restructuring remains in place and mid‑to‑long‑term growth momentum continues.
In this way, OCI Holdings has experienced performance fluctuations due to import restrictions but its long‑term growth outlook remains strong.