[Featured Stock] LS Shares Rise on Copper Prices and Telecom Subsidy Expectations

LS, the holding company of the LS Group, is showing an upward trend in the stock market on the 22nd. There are consecutive forecasts that the possibility of performance improvement is high due to the rise in copper prices, US telecommunications subsidies, and expansion of power grid investments.

As of 9:18 AM on the day, LS's stock price was trading at 131,000 KRW, up 4.96%. This is interpreted as reflecting expectations that the profitability of companies related to electric wires will improve due to the rise in copper prices.

On the same day, Samsung Securities stated that LS I&D, one of LS's major subsidiaries, will see improved profitability in both the wire winding and telecommunications business units due to the rise in copper prices and the US telecommunications subsidy policy, raising the target stock price of LS, the group holding company, by 19% to 155,000 KRW.

Shinhan Investment Corp. analyzed in a report the previous day, "When copper prices rise, the selling prices of LS Cable & System, LS I&D, and LS MnM increase, and order backlogs are sometimes revised upward," adding, "Inventory valuation gains also occur."

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