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(Edaily reporter Yuan Da-yeon) Hana Securities issued an announcement on the 8th LG Electronics (066570)He assessed that now is the time to focus on momentum and announced that he would maintain his “buy” investment view and target of 140,000 won. The previous day’s closing price was 118,000 won.
“LG Electronics’ provisional second-quarter sales and operating profit were both strong and exceeded consensus,” said Kim Rok-ho, a researcher at Hana Securities, adding that “although the home appliance industry itself is not good, LG Electronics’ sales of electronic products in both high-end and volume segments exceeded market demand, which is speculated to be the case,” he said.
He continued: “Subscription appliances are also growing steadily and we seem to be able to differentiate our sales compared to other companies.”
LG Electronics announced that second-quarter sales rose 9% from the same period last year to 21.7 trillion won, and operating profit increased 61% to 1.2 trillion won.
Researcher Kim said, “LG Electronics’ standalone operating profit for the first half of the year was 2.22 trillion won, up 6% from the same period last year,” adding, “Although there was no. The home appliance industry showed a clear growth trend compared to the same period last year, and LG Electronics is showing performance that overcomes industry conditions, “I recorded this again,” he said. “TVs have a high share in Europe, and by enjoying the influence of the previous year’s base and sports events, TVs contributed to the increase in revenue compared to the previous year,” he explained.
Researcher Jin said, “Due to seasonal factors, it is expected that the performance in the second half of the year will be lower than that in the first half of the year, which is inevitable,” but he added, “Due to the deficit in the fourth quarter of last year, the base effect is certain, and it is expected that the second half of the year will achieve solid profits compared with the same period last year.”
He suggested that we should also pay attention to the driving force of the stock price increase in the second half of the year. Researcher Kim said, “The reason why the stock price has only risen by 9% since the beginning of the year is that there is no obvious driving force, but the possibility of supplying HVAC to data centers, cooperating with other companies in artificial BroadCast Unitedligence-related fields, home appliances and robotics sectors, and increasing dividends, etc. “This is an event worth raising,” he said.
He continued, “If you only focus on the high-low performance pattern, you may ignore the factors that led to the rise in LG Electronics’ stock price,” he added, “Because the price-to-book ratio (PBR) is 0.84 times, close to the bottom of the range, an overweight strategy above neutral will be effective.”
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