[Featured Stock] "Triple Sales in 5 Years" LG EnSol Rises on Foreign Buying
[Asia Economy Reporter Ji Yeon-jin] LG Energy Solution is showing a strong gain of over 4% on the 28th, supported by foreign buying pressure.
As of 9:50 AM, LG Energy Solution is trading at 410,000 KRW, up 16,500 KRW (4.19%) compared to the previous day.
This is due to expectations that LG Energy Solution's profitability will improve starting in the second half of the year, along with foreign investors maintaining a buying advantage from the early trading session.
Earlier, Daol Investment & Securities issued a buy rating and set a target price of 500,000 KRW for LG Energy Solution on the same day.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- "$2,000 War Surcharge Imposed"... 834 Cases of SME Damages Reported Due to Middle East Conflict
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
LG Energy Solution's management also announced at the Q2 briefing the day before that their mid-to-long-term business strategy aims to triple annual sales within five years and achieve double-digit operating profit margins.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
