[Click eStock] Hana Raises LG Uplus Target Price to 20,000 Won... Maintains 'Buy' Rating

On January 27, Hana Securities raised its 12-month target price for LG Uplus by 25% to 20,000 won, citing increased expectations for shareholder returns. The investment opinion remains 'Buy'.

Kim Hongsik, an analyst at Hana Securities, stated in a report released on this day, "Thanks to increased service revenue and reduced costs, strong profit growth is expected this year, and the company is projected to repurchase treasury shares worth over 10 billion won more than last year." He added, "With a shareholder return yield reaching 6%, the investment appeal remains high."

He analyzed that, as expectations for increased shareholder returns are likely to spread following next month's earnings announcement, it is now time to strengthen the buy stance once again.

Kim also commented, "Due to SK Telecom's suspension of operations, the increase in 5G subscribers will be greater, resulting in mobile revenue growth surpassing initial expectations this year." He continued, "With the effects of workforce reduction, personnel expenses and overall costs are expected to remain flat."

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