LG Electronics, Institutional Investors Net Buy 784,880 Shares in Last 5 Days... Stock Price at 118,000 KRW (+5.36%)

As of 9:30 AM on the 28th, LG Electronics is trading at 118,000 KRW, up 5.36% from the previous day. The trading volume is 2,939,109 shares, which is 24.81% of the previous day's volume. LG Electronics is known as a global manufacturer of home appliances and information and communication devices.

On December 24, analyst Kyungtak Noh of Eugene Investment & Securities stated, "The spin-off of the electric vehicle parts business including motors and inverters, and the establishment of a joint venture with Magna. Record-high performance is expected in 2021, with accelerated growth in the automotive electronics business leading to a valuation reassessment. Due to new lifestyle trends caused by COVID-19 and polarization of consumption, steady demand for premium home appliances and TVs, increased supply of automotive parts following the full-scale launch of electric vehicle projects, expansion of smartphone ODM share, and cost structure improvements from factory relocation, record-high performance is anticipated." He set LG Electronics' target price at 140,000 KRW.

Over the past five days, individual investors have net sold 727,737 shares of LG Electronics, while foreigners and institutions have net bought 28,203 shares and 784,880 shares respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article creation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.

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