[Featured Stock] LG Household & Health Care Rises Over 6% on Vaccine Expansion Benefit Expectations

[Asia Economy Reporter Ji Yeon-jin] LG Household & Health Care is showing strength on the 16th as expectations for a return to normalcy grow with the increase in COVID-19 vaccination rates.

As of 10:50 AM on the same day, LG Household & Health Care was trading at 1,672,000 KRW, up 102,000 KRW (6.50%) compared to the previous trading day.

The stock price of LG Household & Health Care has continued its upward trend for five consecutive trading days. The expectation of the end of COVID-19 due to expanded vaccination and the anticipated improvement in performance appear to be reflected in the stock price.

Han Yoo-jung, a researcher at Daishin Securities, stated, “Recovery in the U.S. and Japan will occur sequentially in the second half of the year, and strong brand power will sustain increased demand in China,” forecasting that operating profit for the second quarter will reach 346.1 billion KRW, a 14% increase compared to the same period last year.