As of 10:30 AM on the 30th, LG Electronics is trading at 85,000 KRW, down 2.52% from the previous day. The trading volume is 308,723 shares, which is about 39.52% 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, KB Securities analyst Kim Dong-won stated, "In the first half of next year, ① improvement in home appliances (H&A) performance and ② turning a profit 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 expansion of sales in pure electric vehicle parts leading to profitability in the automotive components (VS) business 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 purchased 141,152 shares of LG Electronics, while foreigners and institutions have net purchased 330,871 shares and net sold 463,048 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 financial AI specialist company Thinkpool.
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