[Market Focus] LS ELECTRIC Surges on Expectations of Exceeding Order Targets...Hits Record High

LS ELECTRIC continued its upward trend for the third consecutive day, reaching an all-time high during intraday trading.

As of 9:17 a.m. on January 14, LS ELECTRIC was trading at 540,000 won, up 43,500 won (8.76%) from the previous day. The stock climbed as high as 554,000 won during the session, setting a new record high.

The rise in share price is believed to be driven by expectations of exceeding last year's order targets. On this day, Kiwoom Securities projected significant earnings growth for LS ELECTRIC this year, noting that last year's robust new orders would be reflected in this year's performance. Han-Gyeol Lee, a researcher at Kiwoom Securities, stated, "LS ELECTRIC set a new order guidance of 2.9 trillion won last year, and by the third quarter, the cumulative new orders reached about 2.1 trillion won. By securing more than 1 trillion won in new orders in the fourth quarter, the company is expected to exceed its annual order guidance." He added, "This year, the expansion of the Busan ultra-high voltage transformer facility and the continued strength in new orders from last year are expected to drive significant earnings growth." Kiwoom Securities raised its target price for LS ELECTRIC from 370,000 won to 620,000 won.