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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘LG H&H to remain solid’

  • PUBLISHED :July 25, 2018 - 10:44
  • UPDATED :July 25, 2018 - 10:44
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[THE INVESTOR] LG Household and Health Care will continue to post solid earnings, said Hana Financial Investment on July 25, upgrading the recommendation to a “buy” from a “hold.”




Its revenue in the second quarter will rise 11.1 percent on-year to 1.65 trillion won (US$1.46 billion) and operating profit by 15.1 percent to 267.3 billion won, in line with market consensus. Its cosmetics sector will continue to boost its solid earnings momentum in the second half. Revenue in the third quarter will increase 11 percent on-year to 1.74 trillion won and operating profit by 16 percent to 294 billion won. Revenue for the whole year will gain 9 percent from last year to 6.67 trillion won and operating profit by 15 percent to 1.07 trillion won, said analyst Park Jong-dae.
The analyst maintained a 1.53 million won target price. 

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

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