'Buy' opinion on LIG Nex1 was maintained. Based on abundant order backlogs, sales growth is expected to continue in the mid- to long-term.
Daishin Securities maintained the target price of LIG Nex1 at 54,000 won and its investment opinion of 'Buy' on the 18th.
"LIG Nex1's order backlog is worth 7 trillion won, which is four to five years' worth of work," Daishin Securities said. "Mid- to long-term sales will continue to grow based on abundant order backlogs.".
LIG Nex1 is expected to win more than 2 trillion won in new orders this year after securing 2.7 trillion won in new orders last year.
LIG Nex1 is expected to generate sales of 1.737 trillion won and operating profit of 76 billion won on a consolidated basis this year. Sales are up 8.6% and operating profit is up 18.8% from last year.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
