April 23, 2024

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[THE INVESTOR] LG Uplus has performed better than its rivals in the fourth quarter last year, said KB Investment and Securities on Jan. 12 maintaining a “buy” recommendation and 19,000 won (US$17.83) target price. 

Its operating profit will slightly beat market expectations at 207.3 billion won, estimated analyst Kim Jun-seob. 

Despite 25 percent discount on bills, rise in new subscribers and average revenue per user drove earnings from the telecommunications department higher than anticipated, and revenue from IPTV increased 16 billion won from the previous quarter, according the analyst. 

The telecom company will remain solid in the first quarter, said Kim forecasting that its operating profit will rise 6.1 percent on-year to 215.3 billion won.

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