April 19, 2024

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[THE INVESTOR] LG Uplus may be reevaluated, said Hana Financial Investment maintaining a “buy” recommendation and suggesting it as a “top pick.”

Its earnings will remain solid and its annual profit will surge this year. Despite the decent earnings trend, its stock price is quite low, and while the target price remains at 20,000 won (US$18.57) as the earnings estimate remains unchanged, investors should actively purchase its stocks, said analyst Kim Hong-sik

Given this, it is likely to be rerated in the short term and after the spectrum auction expectations will rise for long-term 5G commercial service, noted Kim, adding that its stock price is likely to rise in phases. 

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