[Featured Stock] LG Electronics Rises on 1Q Earnings Surprise Outlook
LG Electronics is on an upward trend from the start of trading as an earnings surprise is expected in the first quarter.
As of 9:06 AM on the 15th, LG Electronics is trading at 115,000 KRW, up 2.86% (3,200 KRW) compared to the previous day.
Kim Dong-won, Head of Research at KB Securities, stated, "LG Electronics' consolidated operating profit for the first quarter is estimated to be 1.3 trillion KRW, driven by strong performance across all business divisions," and added, "This is expected to exceed the consensus operating profit of 1 trillion KRW by 30%."
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Kim also analyzed, "Robot sales are doubling every year, and the order backlog for automotive components is growing at an annual rate of over 30%. The new business, such as the smart factory solutions business, which will be fully launched this year, will act as a catalyst for LG Electronics' B2B sales growth in the future."
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