[Market Focus] LG Electronics Jumps 6% on Positive Robotics Outlook from Securities Firms

LG Electronics saw its share price rise by over 6% during intraday trading. This appears to reflect positive outlooks from Yeouido’s securities firms regarding its robotics business.

As of 1:04 p.m. on April 1, LG Electronics was trading at 112,000 won, up 6.06% (6,400 won) from the previous day. Investor sentiment seems to have been influenced by a series of reports from securities firms expressing high expectations for the reinforcement of LG Electronics’ robotics business.

On this day, Dae-Hyung Cho, a researcher at DS Investment & Securities, stated, “Starting with the actuator business in 2027, LG Electronics’ presence in both the industrial and home robotics markets is expected to grow simultaneously. The company also has extensive design experience with sensors and control technologies, so it will likely play a role as a solution provider for clients in need of actuators in the future.” DS Investment & Securities raised its target price for LG Electronics to 170,000 won while maintaining a ‘Buy’ recommendation.

Last month, Kang-Ho Park, a researcher at Daishin Securities, also commented, “Possession of the artificial intelligence (AI) Exaone platform, synergy among affiliates, and accumulated know-how from smart factories will all serve as competitive advantages. Reflecting on its experience in the home robotics business, LG Electronics is likely to secure competitiveness across various types of robots as well.” Daishin Securities maintained its target price at 160,000 won and its ‘Buy’ recommendation.

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