LS target price is raised, "Copper prices are expected to rise and demand for power lines is expected to increase" (Shinhan Investment & Securities)
LS target price is raised, "Copper prices are expected to rise and demand for power lines is expected to increase" (Shinhan Investment & Securities)
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  • 승인 2021.05.18 11:04
  • 최종수정 2021.05.18 11:02
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LS전선
LS전선

The target stock price of LS has risen. As demand for global industries recovers, copper prices are expected to rise and demand for power lines, the flagship product of subsidiaries, is also expected to increase.

Shinhan Financial Investment & Securities raised its target LS stock price from 94,000 won to 95,000 won on the 18th. Investment opinion remained on the 'buy'.

When the public infrastructure project begins, demand for power lines used to connect telecommunication lines and new generators used in 5G infrastructure such as cables is also expected to gradually increase.

As demand for solar and electric vehicles is steadily increasing, the unit price of copper is expected to continue to rise.

LS posted sales of 2.909 trillion won and operating profit of 132 billion won on a consolidated basis in the first quarter of this year.

Compared to the same period last year, sales increased 12.7% and operating profit increased 41.8%. LS Cable & System made 53.1 billion won in operating profit. It increased by 29.8% from the same period last year.

LS is expected to generate sales of 12.968 trillion won and operating profit of 607 billion won on a consolidated basis in 2021. Sales are up 24.2% and operating profit is up 44.9% from 2020.

Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com  


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