BNK Investment Securities has r... > 경제기사 | economics

BNK

[Alpha Biz= Reporter Kim Sangjin] On July 8th, Investment amp; Securities raised the target stock price for LG Electronics from 130,000 KRW to 140,000 KRW.
BNK Investment amp; Securities stated, "We have revised our 2024 operating profit estimate upward by 10% following an upward adjustment in Hamp;A Home Appliance amp; Air Solution performance. Despite ongoing macroeconomic concerns due to prolonged high interest rates, we expect the undervaluation to be resolved due to differentiated performance."
LG Electronics reported consolidated sales of 21.7 trillion KRW and an operating profit of 1.1961 trillion KRW for the second quarter. These figures exceeded market consensus by 2% and 20%, respectively.
BNK Investment amp; Securities attributed this strong performance to higher-than-expected appliance sales and favorable results from its subsidiary, LG Innotek. Even excluding LG Innotek, LG Electronics headquarters recorded sales of 17.4 trillion KRW and an operating profit of 1.0947 trillion KRW.


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/ 알파경제 Kim SangJin Reporter