LIG Nex1, Satellite momentum with increased orders...Target stock price increase(Shinhan Investment)
LIG Nex1, Satellite momentum with increased orders...Target stock price increase(Shinhan Investment)
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  • 승인 2021.01.21 16:53
  • 최종수정 2021.01.21 16:47
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LIG넥스원 CI
LIG Nex1 CI

[Infostock Daily= Reporter An Hoe Hyun] Shinhan Investment raised its target stock price of LIG Nex1 by 10.4% from KRW 48,000 to KRW 53,000 on the 21st, saying it is rich in valuation, including improved performance due to increased orders and satellite-related momentum. The investment opinion remained 'Buy'.

"LIG Nex1's sales in the fourth quarter of last year are expected to increase 14.1% year-on-year to 494.5 billion won, and its operating profit is expected to turn into a surplus over the same period to 17 billion won," the company analyzed, adding, Especially, it is more than 88.7% of the consensus operating profit of 9 billion won."

"Sales due to strong orders between 2018 and 2020 continue to grow and the portion of fixed costs continue to decline," the company explained, adding, "The cumulative orders for the fourth quarter are expected to reach 2.8 trillion won, up 41.6% from a year earlier, and the order backlog is expected to reach 7.4 trillion won, up 19.5% from the same period last year."

LIG Nex1 is also leading a satellite business that has recently been highlighted, such as mass-producing image radar(SAR) mounted on satellites.

"As it is planning to carry out joint development with Korea Aerospace and KAIST to enter the small satellite market for telecommunications, it is expected to win orders for the initial mass-production of satellite ground communication terminals(The total project cost is estimated to be 500 billion won, considering both vehicle · mobile, and ship use) this year," the company analyzed, adding, "It is also possible to enter the electronic antenna business with AESA radar technology."

Reporter An Hoe Hyun ahh@infostock.co.kr


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