As of 10:30 AM on the 29th, LG Electronics is trading at 87,200 KRW, down 3.11% from the previous day. The trading volume is 324,957 shares, which is 87.18% of the previous day's volume. LG Electronics is known as a global manufacturer of home appliances and information and communication devices.
On October 29, Dongwon Kim, a researcher at KB Securities, stated, "In the first half of next year, ① improvement in home appliances (H&A) performance and ② turning profitable in automotive components (VS) are expected to act as catalysts for stock price increases. This is because LG Electronics is expected to dominate the home beauty care market, which continues rapid growth every year, by establishing a full lineup of Pra.L products amid a significant increase in home appliance demand in the first half of next year. Additionally, the order backlog worth 60 trillion KRW and the profitability turnaround of the automotive components (VS) business due to expanded sales of pure electric vehicle parts are expected to be clear factors for the revaluation of LG Electronics' stock price in the future." He set the target price for LG Electronics at 120,000 KRW.
Over the past five days, individual investors have net sold 75,356 shares of LG Electronics, while foreigners and institutions have net bought 466,036 shares and net sold 387,742 shares, respectively.
※Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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