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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘LG Int’l to remain solid’

  • PUBLISHED :June 27, 2018 - 11:15
  • UPDATED :June 27, 2018 - 11:15
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[THE INVESTOR] LG International will show steady growth this year, said NH Investment and Securities on June 27, maintaining a “buy” recommendation and 40,000 won (US$35.80) target price.




Boosted by strong coal business and steady profits from logistics sector, its revenue in the second quarter will come in at 3.2 trillion won with operating profit of 64.2 billion won, satisfying market expectations. Its operating profit this year will hike 27 percent from last year to 269.8 billion won. Unlike last year, the company will grow soundly with its quarterly operating profit maintained at over 60 billion won, said analyst Kim Dong-yang.

Its current stock price is the lowest since 2015 when it suffered the largest net loss ever, and valuation is record low as well at 0.7 times its price-to-book ratio, he added.

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

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