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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘LG Int’l to improve significantly’

  • PUBLISHED :March 28, 2017 - 17:21
  • UPDATED :March 28, 2017 - 17:21
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[THE INVESTOR] LG International’s operating profit in the first quarter will hike 29 percent on-year, said Mirae Asset Daewoo on March 28, maintaining a “buy” recommendation and 40,000 won (US$35.94) target price.




In the first quarter its revenue will slip to 2.99 trillion won but operating profit will rise to 57.5 billion won, according to analyst Ryu Je-hyeon, who forecast that the coal price hike will propel the earnings improvement.

Despite the possibilities, however, its stocks are undervalued, affected by the oil price drop, said the analyst. The decline in oil prices could lead to an improvement in earnings, and the recent lag in stock price could be an opportunity to pick up LG International’s stocks, noted Ryu.

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

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