April 27, 2024

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[THE INVESTOR] LG Uplus’ stock price will leap 2.5 times in two years, said Hana Financial Investment on Aug. 21, maintaining a “buy” recommendation and suggesting a “top pick” rating in the industry. 

Its stocks have hiked approximately 40 percent since June but will continue to rise in phases, bolstered by the momentum from early commercialization of 5G technology. The telco will post strong earnings in the third quarter, as regulation uncertainties have been cleared while institutional and foreign investors will keep on purchasing, said analyst Kim Hong-sik.

Considering that its price-earnings ratio surged to 24 times when LTE was introduced, its stock price could advance as high as 2.5 times by 2020, said the analyst raising the target price to 23,000 won (US$20.58) from 20,000 won. 

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