LG Electronics, 3Q earnings miss consensus (Daisin Securities)
LG Electronics, 3Q earnings miss consensus (Daisin Securities)
  • 이동훈 기자
  • 승인 2021.09.17 10:11
  • 최종수정 2021.09.16 09:35
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사진=LG전자 제공
사진=LG전자 제공

Daishin Securities lowered its target stock price to 210,000 won on the 16th, saying its operating profit in the third quarter of this year will be slightly below the consensus (market estimate). The investment opinion remained 'buy'.

LG Electronics'consolidated operating profit for the third quarter of this year is estimated to be 1.902 trillion won. It is 1.5% year-on-year and 24.1% year-on-quarter, but it is below the consensus (1.14 trillion won).

"Although operating profit in the second half will decrease compared to the first half, it will perform well year-on-year due to the suspension of MC business, promotion of premium product (H&A, HE)s, and increased global market share," Daishin Securities said.

It is predicted that global competitiveness will be confirmed next year due to increased orders along with a surplus in the VS sector. Total sales are expected to reach 73.1 trillion won and operating profit is expected to reach 4.97 trillion won, the highest performance.

"VS sales will rise 19% on-year to KRW 9 trillion next year," Daishin Securities said. "The company will expand its competitiveness to global household parts makers with operating profit also shifting to a surplus of KRW 239.7 billion.".

Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com


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