[Featured Stock] LG Energy Solution Rises Over 4% on Strong 1Q Earnings Outlook

[Asia Economy Reporter Hwang Yoon-joo] Contrary to concerns about a downward revision of LG Energy Solution's Q1 earnings consensus, the company is expected to report solid results, leading to a rise of over 4% from the start of trading.

As of 9:14 AM on the 25th, LG Energy Solution is trading at 427,000 KRW, up 4.66% from the previous trading day.

On this day, the securities industry evaluated that LG Energy Solution is expected to deliver solid earnings, overturning concerns about a downward revision of Q1 earnings estimates.

Samsung Securities analyzed, "Operating profit for Q1 is expected to record 151 billion KRW, in line with market expectations," adding, "The improved profitability of cylindrical batteries, supported by strong sales from global leading electric vehicle manufacturers, is expected to drive the earnings."

Shinhan Investment Corp. also stated that LG Energy Solution's earnings will meet estimates and set a target price of 550,000 KRW, which is 5.8% higher than the previous target price.

Korea Investment & Securities evaluated, "The impact of risks such as geopolitical concerns on earnings will be limited," and added, "The cost pass-through rate is estimated to be higher than expected, and the strong sales of small batteries for T company offset the sluggish performance of medium and large batteries." However, the target price was lowered from the previous 600,000 KRW to 570,000 KRW.

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