[Special Stock] LS ELECTRIC Trading at a Discount Compared to Competitors... Revaluation Expected

LS ELECTRIC's stock price is on the rise. Expectations that its price, currently discounted compared to competitors, may be reassessed appear to be influencing the stock.

As of 9:45 AM on the 30th, LS ELECTRIC is trading at 179,200 KRW, up 3.40% from the previous day.

Kang Dong-jin, a researcher at Hyundai Motor Securities, explained, "Due to the adjustment in facility investment speed by Korean battery companies, there is a possibility of a slowdown in sales growth in the power infrastructure business for up to two quarters, but improvement is expected after the second half of the year." He added, "The continuous increase in order backlog is a positive factor."

He continued, "We believe that after the expansion of infrastructure such as high-voltage transmission facilities in North America, an investment cycle in distribution panels will follow." He analyzed, "If the expansion of local customers in the North American business, which is mainly composed of domestic companies, becomes a reality, there is a possibility that the multiples, currently discounted compared to competitors, will be reassessed." Furthermore, he added, "Energy Storage Systems (ESS), Electric Vehicle (EV) relays, and renewable energy businesses, which are currently passing their lows, are strengths." He noted, "Recovery in these business areas could become a differentiating factor, so continuous attention is necessary."

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