[Infostock Daily= Reporter An Hoe Hyun] Kiwoom Securities maintained its investment opinion Buy on LS on the 23rd and offered 95,000 won, up 5% from the previous. It is analyzed that the first-quarter earnings are expected to improve significantly due to the surge in copper prices.
Kiwoom Securities raised LS's operating profit estimate for the first quarter from 114.3 billion won to 127.9 billion won. It is predicted that the business environment in the first half of the year will be favorable due to soaring copper prices. Currently, the copper price is $ 8,900 per ton, the highest in nine years.
"China's economic momentum and expectations for additional U.S. stimulus measures have been added amid rising raw material prices," the company explained, adding, "It will support performance improvement in Cable&System and Copper sectors, especially in the LS I&D sector."
Reporter An Hoe Hyun ahh@infostock.co.kr
