[Special Stock] LS, Subsidiary's Strong Performance, Up 3%

LS's stock price is on the rise, demonstrating improved subsidiary performance and growth potential amid increasing electricity demand.

As of 9:08 AM on the 13th, LS was trading at 126,900 KRW, up 3,700 KRW (3.00%) from the previous trading day.

In the fourth quarter of last year, LS's sales and operating profit reached 7.1006 trillion KRW and 299 billion KRW respectively, increasing by 21% and 94% compared to the same period last year, surpassing market consensus forecasts.

On this day, NH Investment & Securities raised the target price for LS from 150,000 KRW to 180,000 KRW, stating that "the stock price fluctuations and earnings forecasts of listed subsidiaries have been reflected early." The buy rating was maintained.

Researcher Kim Dongyang of NH Investment & Securities said, "LS announced an increase in order backlog for its subsidiary LS Cable & System and plans to expand its submarine cable facilities in the United States," adding, "Since 2023, LS has strengthened the power cable value chain by expanding its stakes in subsidiaries such as Gaon Cable, LS Eco Energy, and LS Marine Solution."