[Special Stock] LG Electronics Rises on Surprise Earnings Expected for Two Consecutive Quarters

LG Electronics' stock price is on the rise. Expectations that the company will achieve surprise earnings for two consecutive quarters seem to be influencing the stock price.

[Image source=Yonhap News]

As of 9:50 AM on the 19th, LG Electronics is trading at 113,000 KRW, up 1.89% from the previous day.

Dongwon Kim, a researcher at KB Securities, stated, "LG Electronics' cumulative operating profit from Q1 to Q3 this year is estimated at 3.66 trillion KRW, surpassing last year's full-year operating profit of 3.54 trillion KRW after three quarters, and it is expected to achieve surprise earnings for two consecutive quarters."

Additionally, Researcher Kim added, "The increase in sales due to the full-scale launch of the smart factory business will serve as a catalyst for stock price growth by expanding valuation multiples in the future," and noted, "The multiples of other smart factory competitors are 2 to 3 times higher compared to LG Electronics."