April 25, 2024

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[THE INVESTOR] LG Uplus will benefit the most from early introduction of 5G technology, said Hana Financial Investment on Sept. 3, maintaining a “buy” recommendation and 23,000 won (US$20.58) target price. The securities firm also suggested a “top pick” recommendation. 

Its stock price will rise from the expectations and its operating profit will mark two-digit growth rate this year and next year. Average revenue per user will turn around in the first quarter next year, and with increased profitability dividend is likely to increase this year and next, said analyst Kim Hong-sik.

As foreign investors continue to purchase its stocks and institutions slow down their net selling, supply will improve in September, he added.

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