[Featured Stock] LS Eco Energy Rises on Strong Earnings Outlook

LS Eco Energy's stock price is soaring. Securities firms' analysis that the company's fourth-quarter earnings last year likely exceeded market expectations appears to be influencing the stock price.

At 10:07 a.m. on the 17th, LS Eco Energy was trading at 47,500 KRW, up 21.48% from the previous day.

NH Investment & Securities estimated that LS Eco Energy achieved consolidated sales of 227.5 billion KRW and an operating profit of 14.7 billion KRW in the fourth quarter of last year. These figures represent increases of 14% and 104%, respectively, compared to the same period the previous year.

Minjae Lee, a researcher at NH Investment & Securities, stated, "It seems the company achieved earnings exceeding market expectations due to the won-dollar exchange rate impact," adding, "Considering the market situation, orders for ultra-high voltage (EHV) cables destined for the United States and Europe are expected to continue."

Jonghwa Sung, a researcher at LS Securities, analyzed, "Demand related to power and communication cable restoration due to large wildfires in the Los Angeles area is also a significant point," and "With UL certification in the United States, starting this year, LS-VINA's exports of underground residential distribution (URD) cables to the U.S. will also reach a meaningful new level."