April 25, 2024

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[THE INVESTOR] LG Electronics will beat market expectations this year, said Dongbu Securities on Feb. 14, raising the target to 76,000 won (US$66.08) from 68,000 won. 

Analyst Kwon Seong-ryeol adjusted the electronic company’s estimated operating profit in the first quarter to 544.5 billion won from 471 billion won, saying that home appliance and television sales will recover from the previous quarter and the loss from smartphone business will shrink significantly.

The break-even point for the mobile carrier division will decline, and the early release of G6 model will help, according to the analyst. 

Although LG Electronics’ stock price hiked over 30 percent in the past three months, there still is room for improvement, said Kwon, recommending to purchase its stocks. 

By Hwang You-mee (glamazon@heraldcorp.com)