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The Korea Herald
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THE INVESTOR
March 28, 2024

Stocks & Bonds

[EQUITIES] ‘LG Chem to stabilize this year’

  • PUBLISHED :March 19, 2018 - 11:06
  • UPDATED :March 19, 2018 - 11:06
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[THE INVESTOR] LG Chem’s profits will stabilize this year, said Daishin Securities on March 19, initiating its coverage of the company. The securities firm suggested a “buy” recommendation and 500,000 won (US$466.59) target price. 




Its revenue will rise 3.8 percent on-year to 26.7 trillion won and operating profit by 7 percent to 3.1 trillion won, bolstered by steady revenue from petrochemicals, life science and IT and electronics material sectors, said analyst Park Gang-ho.

Rise in demand for electric vehicles will push sales of medium to large batteries up 16 percent from last year, and larger batteries will account for 16.5 percent of its total revenue, expanding from 7.9 percent of 2016 and 9 percent last year, forecast the analyst. 

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

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