April 26, 2024

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[THE INVESTOR] Expectations for LG Chem’s battery and life science sectors will continue to rise, said NH Investment and Securities on Jan. 17, maintaining a “buy” recommendation and raising the target price to 550,000 won (US$516.97) from 440,000 won. 

Its operating profit in the fourth quarter last year will be lower than expected as it was burdened by the rising cost of commodities and declining foreign exchange rate, but it will recover across company, said analyst Hwang Yu-sik.

Small battery margins will take an upturn due to diverse mobile phones, while medium to large batteries are drawing expectations from the possible introduction of third-generation batteries for electric vehicles, noted the analyst. 

Profits from basic materials division is growing steadily and growth potential of batteries and life science will be highlighted, underlined Hwang. 

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