[Click eStock] "LS Jeonseon Asia, Sales and Operating Profit Expected to Grow 20%"

[Asia Economy Reporter Park Jihwan] Hana Financial Investment on the 25th expressed expectations of over 20% performance growth for LS Cable Asia this year as well as last year, recommending a buy rating and setting a target price of 12,100 KRW.

Researcher Lee Jung-ki of Hana Financial Investment explained, "Last year, LS Cable Asia's performance showed double-digit growth compared to the previous year, with sales of 520.3 billion KRW and operating profit of 26 billion KRW."

Researcher Lee Jung-ki analyzed, "In Vietnam, where the GDP growth rate is 6.8%, direct benefits are expected from increased investments by various foreign companies, and performance growth is likely to continue due to CAPA expansions in each sector. The establishment of new corporations and factories in Myanmar will further strengthen its presence in the Southeast Asian region."

The researcher forecasted, "This year, sales are expected to reach 626.6 billion KRW and operating profit 32.6 billion KRW, representing over 20% growth compared to last year. Sustained demand for ultra-high voltage cables due to the full-scale underground cabling work in Vietnam, an increase in foreign companies entering Vietnam, and the positive spillover effects from the US-China trade conflict are expected to continue driving 20% external growth this year."