As of 10:30 AM on the 27th, LG Electronics is trading at 89,700 KRW, up 0.67% from the previous day. The trading volume is 205,254 shares, which is about 51.9% of the previous day's volume. LG Electronics is known as a global manufacturer of home appliances and information and communication devices.
On October 22, Dongwon Kim, a researcher at KB Securities, stated, "LG Electronics' operating profit for Q4 this year is expected to achieve the highest quarterly performance (551.6 billion KRW, a 5.4-fold increase compared to the previous year), alleviating concerns about earnings. ① Strategic customer GM is significantly expanding electric vehicle launches, increasing orders for pure electric vehicle parts with favorable profit margins, and ② costs related to low-price order projects are expected to disappear after Q4 this year. Accordingly, the order backlog for automotive components this year is estimated to exceed 60 trillion KRW, a 13% increase compared to the previous year." He set LG Electronics' target price at 120,000 KRW.
Over the past five days, individual investors have net sold 58,773 shares of LG Electronics, while foreigners and institutions have net bought 402,855 shares and net sold 336,248 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
