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THE INVESTOR
July 16, 2020
Big Reunion

Stocks & Bonds

[EQUITIES] ‘LG H&H to post strong Q4 earnings’

  • PUBLISHED :December 24, 2018 - 10:59
  • UPDATED :December 24, 2018 - 10:59
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[THE INVESTOR] LG Household and Health Care will reap strong earnings in the fourth quarter, said Eugene Investment and Securities on Dec. 24 maintaining a “buy” recommendation and 1.3 million won (US$1,155) target price. 




Its revenue in the period will rise 9.8 percent on-year to 1.63 trillion won and operating profit by 8.1 percent to 200.1 billion won. Earnings for the whole year will beat earlier earnings guidance, wiping out worries over possible consequences from THAAD row, said analyst Lee Seon-hwa.

Revenue from duty-free channel will leap 38.8 billion percent on-year to 417.9 billion won, enjoying a high season and taking another step up in terms of size. Its cosmetics division will grow 18.4 percent this year and propel the earnings growth of the whole company. This will result in special year-end incentives, which will chip away its operating profit in the fourth quarter, added the analyst.

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

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