[Featured Stock] LIG Nex1 Surges 6.90% on Expected Q1 Operating Profit Premium

Based on a solid order backlog, LIG Nex1's stock price is showing strength after delivering first-quarter results that exceeded expectations this year.

As of 10:15 AM on the 2nd, LIG Nex1 is trading at 171,900 KRW, up 11,100 KRW (6.90%) compared to the previous trading day.

In the first quarter, LIG Nex1 recorded sales of 763.5 billion KRW and an operating profit of 67 billion KRW. The operating profit exceeded market expectations by 16%. On this day, Jeong Dong-ho, a researcher at Mirae Asset Securities, said, "the temporary reflection of deferred Indonesian sales worth 255.9 billion KRW and improved domestic business margins are the reasons." He added, "Looking at it by region, domestic sales were 437.6 billion KRW (57.3% of the total), and exports were 326.0 billion KRW (42.7%). It is encouraging that domestic margins are improving alongside exports."

He continued, "Even assuming an average delivery period of 10 years, export sales alone generate about 1 trillion KRW annually. Although short-term momentum may seem relatively lacking, the order backlog and profit strength make it sufficiently attractive." He added, "There are still expected large-scale order pools such as Romania's Shin-gung and Cheong-gung II (this year), the U.S. Bi-gung (next year), and Saudi Arabia's Cheong-gung II second phase (2027?2028). Additionally, development of the next product lineup is in full swing."