[Click eStock] "LG Uplus Expected to Surpass 1 Trillion KRW in Annual Operating Profit"

[Asia Economy Reporter Park So-yeon] Hyundai Motor Securities has set the target price for LG Uplus at 15,000 KRW, approximately 29% higher than the current stock price.

On the 21st, Hyundai Motor Securities stated in a report on LG Uplus that the company is expected to record an operating profit of 209.6 billion KRW in the fourth quarter of this year, achieving an annual operating profit of 1 trillion KRW.

Hyundai Motor Securities researcher Kim Hyun-yong said, "Although the consensus profit is somewhat lower, it is expected to show solid performance in line with the annual operating profit of 1 trillion KRW."

Researcher Kim added, "The acceleration of 5G adoption due to the iPhone 14 effect is increasing growth in the wireless service sector, and the smart home sector is recovering to a mid-to-high single-digit growth rate of 7.5% compared to the same period last year."

The net increase in 5G subscribers in the fourth quarter is expected to be 446,000, significantly higher than the previous quarter's net increase of 359,000.

Hyundai Motor Securities expects LG Uplus to fully implement its non-telecom strategy next year. The company is developing core businesses such as Idle Nara, Idol Plus, and Studio X+U. In the fourth quarter of this year, the Idle Nara mobile app and Studio X+U were launched. Idol Plus's global monthly active users (MAU) exceeded 6 million in September, with overseas users accounting for 60%.

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