May 11, 2024

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[THE INVESTOR] LS Industrial Systems will maintain solid earnings momentum in the second half, said KTB Investment and Securities on Sept. 10, maintaining a “buy” recommendation and 90,000 won (US$79.83) target price. 

Its operating profit in the third quarter will come in at 60.2 billion won, beating market expectations, and in the latter half, contribution from convergence sector will continue to expand. The sector’s most profitable business is smart grids, which will generate 150 billion won revenue this year, said analyst Kim Hyo-sik, projecting that the figure could rise to 200 billion won considering the recent stream of orders. 

Its automotive division has been slightly slow in the second quarter but will benefit in the long term as major countries across the world strengthen policies to encourage electric vehicles, the analyst noted. 

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