[THE INVESTOR] LG Electronics’ stock price has surpassed 70,000 won (US$62.33) for the first time in three years but there still is room for further rise, said Eugene Investment and Securities on March 24, maintaining a “buy” recommendation and 86,000 won target price.
The closing price of the electronics powerhouse was 72,700 won on the previous day.
Its operating profit in 2017 will hike 26.2 percent from 2014 to 2.3 trillion won, and the stock price can go much higher, said analyst No Gyeong-tak.
The mobile division’s earnings will stabilize on the back of G6, and the profitability of home appliance sector will improve significantly as the sales of OLED TVs and premium products remain on the upturn, explained the analyst.
Smart and artificial intelligence are the key words for global home appliance industry, and LG will benefit substantially for its capabilities, according to No.
By Hwang You-mee (glamazon@heraldcorp.com)