While Everyone Focused on Samsung and Nix, This Company Soared 50%... Hit Record Highs for 4 Days [Weekend Money]
LG Electronics Soars Since the 12th
Securities Firms: "Joining the Robotics Value Chain"
The stock price of LG Electronics, which had been struggling, soared by 50%, reaching all-time highs for four consecutive days. The securities industry stated that there are still factors driving the stock price upward, such as the acceleration of the robotics business.
As of the closing price on the 11th, LG Electronics shares ended at 156,700 won. Subsequently, the price surged to 184,900 won on the 12th, setting a new all-time closing high, and continued to rise to 191,400 won on the 13th and 217,000 won on the 14th. Ultimately, the stock closed at 240,500 won on the 15th. This represents a 53% increase compared to the closing price on the 11th.
The main reason for the upward trend is the growing expectation that LG Electronics will join the robotics value chain. Kim Minkyoung, a researcher at Hana Securities, maintained a ‘buy’ rating on LG Electronics and raised the target price from 160,000 won to 230,000 won. Kim commented, “We believe the company will not only secure profitability through company-wide cost structure improvements and increased marketing efficiency, but also aggressively pursue new robotics-related businesses to drive growth going forward.”
In particular, at the shareholders’ meeting in March, the company announced its plan to establish a mass production system for humanoid robot actuators within the year, and has brought forward the proof-of-concept (PoC) for its Clouide technology to the first half of this year, thereby accelerating its robotics business. Kim forecast that the robotics business is highly likely to deliver tangible financial results. He noted, “With profitability significantly improved through rigorous cost-saving initiatives, the full-scale launch of new businesses, such as the establishment of mass production lines for robot actuators, is expected to act as a strong momentum driver.”
Hot Picks Today
600 Million vs. 460 Million vs. 160 Million... Samsung Electronics DS Division: "Three Paychecks Under One Roof"
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- "Disappointing Results: 80% of Sunscreens Found Lacking in Safety and Effectiveness"
- "Not Even Buying a Bottle of Water": BTS Fans Outraged Over Price-Gouging by Busan Accommodations
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Lee Joohyung, a researcher at Eugene Investment & Securities, also predicted that LG Electronics will stand out not only in robot components but also in the home robotics sector. He said, “LG Electronics is currently building a pilot line in Changwon and plans to produce a meaningful volume within this year, which will be applied first to its own commercial robots. After progressing to an intermediate stage between PoC and mass production this year, external sales are expected to ramp up in earnest from next year.” He added, “For home robots, the company is targeting commercialization by 2028. Currently, it is collaborating with Nvidia on the implementation of world models in various ways, and, based on its direction of sharing home environment data, LG Electronics has ample potential to position itself as a hardware partner within the physical AI ecosystem.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.