Research report of PTA/DMT Industry (from Hyundai Securities Co. Research) ---------------------------------------TPA/DMT : Overweight : Growing demand to boost utilization ratio profitability - Korean TPA/DMT industry growing- Utilization ratio to rise- Overweight on TPA/DMT sector : Among local TPA manufacturers, Sam Nam Petrochemical, Samsung Petrochemical, SK chemicals and Kohap sell their products to outside customers, while Hyosung and Taekwang mainly produce for their own use or affiliate demand. Among those companies with outside customers, we maintain BUY on SK chemicals and Underperform on Kohap due to its financial problems. We also maintain BUY on Cheil Ind., which is a major shareholder of unlisted Samsung Petrochemical, and reiterate Marketperform on Samyang, the major shareholder of Sam Nam Petrochemical. - SK Chemical ( 0612 ) - BUY- Kohap ( 0446 ) - Underperform- Samsung Petrochemical ( unlisted )- Sam Nam Petrochemical ( unlisted )