April 27, 2024
Stocks & Bonds
[EQUITIES] ‘LG Uplus remains solid in Q1’
[THE INVESTOR] LG Uplus will post an earnings surprise in the first quarter with 200.7 billion won (US$176.95 million) operating profit, said Hana Financial Investment on April 21, maintaining a “buy” recommendation and 18,000-won target price.
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Its stock price has fallen temporarily as the regulation risks have been highlighted, but when the company releases its earnings guidance, the price will surge, forecast analyst Kim Hong-sik.
The analyst noted that in the recent past LG Uplus’ stocks have witnessed a lot of volatility.
By Hwang You-mee (glamazon@heraldcorp.com)
