[Special Stock] LX Semicon Slightly Rises on 1Q Earnings Surprise Outlook

[Asia Economy Reporter Hwang Yoon-joo] LX Semicon is showing a slight upward trend in early trading amid expectations of an earnings surprise in the first quarter of this year.

As of 9:19 a.m. on the 12th, LX Semicon is trading at 144,700 KRW, up 1.26% from the previous trading day.

On the same day, Kiwoom Securities analyst Kim So-won stated, "LX Semicon's first-quarter performance is expected to show an earnings surprise with sales of 570.4 billion KRW and operating profit of 106.7 billion KRW, representing increases of 41% and 80% respectively compared to the same period last year."

Analyst Kim analyzed, "Thanks to the expansion of 'high value-added products,' a rise in the blended average selling price (Blended ASP) is expected, and despite the seasonal off-season, shipments will be offset by the combined effects of 'increased market share within customer companies' and 'the launch of new products for IT panels.'"

With the stock market sluggish ahead of interest rate hikes, investment sentiment appears to be gathering around companies with strong performance.

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