[Featured Stock] LG Household & Health Care Hits 52-Week Low Amid Q3 Earnings Concerns

[Asia Economy Reporter Minji Lee] LG Household & Health Care has hit a 52-week low.

At 10:28 a.m. on the 12th, LG Household & Health Care was trading at 580,000 KRW, down 5.38% (33,000 KRW) from the previous trading day. During the day, the company's stock price fell to 573,000 KRW, setting a new 52-week low.

This is due to growing concerns over weak third-quarter earnings. According to estimates by Korea Investment & Securities, LG Household & Health Care's third-quarter sales and operating profit are expected to be 1.885 trillion KRW and 218.9 billion KRW, respectively, down 6% and 36% compared to the same period last year. Samsung Securities estimates sales of 1.92 trillion KRW and operating profit of 232.7 billion KRW, down 4% and 32% respectively for the same period.

Kim Myung-joo, a researcher at Korea Investment & Securities, said, "The cosmetics division showed poor performance due to slow recovery in China and duty-free channels," adding, "The duty-free channel, which performed well in the second quarter, is likely to fall short of market expectations in the third quarter, decreasing by 35% compared to the same period last year."

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