[Click eStock] "LG Uplus, Growth Plate Still Open"

Smooth Increase in 5G Subscribers... Internet and IPTV Remain Strong
2Q Operating Profit Expected at 192 Billion KRW, Up 27% YoY

[Asia Economy Reporter Minwoo Lee] An analysis has emerged that LG Uplus still has ample growth potential. This is due to its 5G market share surpassing its existing mobile telecommunications market share, as well as positive factors such as the acquisition of LG HelloVision, and the increasing number of ultra-high-speed internet and IPTV subscribers.

On the 22nd, SK Securities maintained a 'Buy' investment rating and a target price of 18,000 KRW for LG Uplus. The closing price the previous day was 12,300 KRW. This was because they noted the recent steady growth trend.

Both the mobile telecommunications and wired sectors were recognized for their potential. SK Securities researcher Kwansoon Choi explained, "The 5G subscriber market share has surpassed the existing mobile telecommunications market share," adding, "The proportion of 5G subscribers is higher compared to competitors, so an improvement in mobile telecommunications segment performance is expected."

Another positive factor is that LG Uplus has continuously maintained the number one position in net additions of ultra-high-speed internet and IPTV subscribers since the beginning of this year. Additionally, the effect of acquiring LG HelloVision is expected to contribute further. Researcher Choi forecasted, "With the acquisition of LG HelloVision, LG Uplus has risen to become the second-largest operator in terms of paid broadcasting subscribers," and "In the second half of the year, significant economies of scale are expected in the paid broadcasting market."

Based on these factors, SK Securities expects LG Uplus to achieve sales of 3.303 trillion KRW and an operating profit of 192 billion KRW in the second quarter of this year. Compared to the same period last year, sales are projected to increase by 6%, and operating profit by 27.2%.

This content was produced with the assistance of AI translation services.