[Click eStock] LS Cable Asia Estimated to Achieve Record Performance This Year... Operating Profit Up 21%

[Asia Economy Reporter Hwang Yoon-joo] Daishin Securities maintained its 'Buy' rating and a target price of 12,000 KRW for LS Cable Asia on the 14th, forecasting the company's best performance this year.

Park Kang-ho, a researcher at Daishin Securities, said, "The total sales in 2022 (807 billion KRW, 7.5% yoy) and operating profit (34 billion KRW, 20.6% yoy) are estimated to be the highest ever."

Researcher Park pointed out as an investment highlight, "Since its establishment in 2015, total sales have shown a compound annual growth rate (CAGR) of 27.7% without any decline until 2021," and analyzed, "Sales in 2022 are also expected to increase by 7.5% (yoy), setting a new record."

He also stated, "It is positively evaluated that the portfolio has shifted to high value-added cables such as ultra-high voltage cables and communication cables, with the company holding the number one market share in Vietnam," and added, "Vietnam is expected to see increased demand due to renewable energy investments in 2022, underground replacement of power lines, and expansion of communication cable demand."

He continued, "As the market leader in Vietnam, LS Cable Asia is expected to benefit from these trends, with operating profit estimated at 34 billion KRW, the highest ever."

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