[Click eStock] "Lotte Information & Communication, Expected Performance Improvement with Caliber"

Shinhan Investment Corp. analyzed on the 30th that it expects growth in new businesses such as electric vehicle charging and extended reality (XR) for Lotte Information & Communication.

Researcher Oh Kang-ho of Shinhan Investment Corp. explained, "Lotte Information & Communication's stock price has risen 44% compared to the beginning of the year," adding, "This was influenced by expectations of benefits from stable growth recorded last year and continued digital and automation investments within the group companies."

He added, "Growth in electric vehicle charging performance, expectations for overseas market expansion, and the expansion of entry into the Caliberus platform market are also factors to look forward to."

Researcher Oh analyzed, "It is difficult to re-evaluate corporate value with only the existing IT service growth drivers," and "Recently, the growth speed of subsidiaries has been highlighted, increasing market interest." He emphasized, "Due to the nature of the IT service industry, new platforms, especially items that can accelerate performance growth, have led to re-evaluation," and "Caliberus is at a stage where it is expected to turn profitable with full-scale entry into the XR market."

The target stock price for Lotte Information & Communication was raised to 55,000 KRW. Researcher Oh judged, "Growth drivers are valid due to expectations of subsidiary performance improvement and securing a foundation of IT service capabilities."

At the world's largest home appliance and IT exhibition, 'CES 2024,' Lotte Information & Communication unveiled the ultra-realistic metaverse platform Caliberus. Caliberus is a metaverse platform that implements services such as shopping, entertainment, and community with hyper-realistic visuals and interactive technology.

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