[Infostock Daily=Reporter Lee Ji-sun] SK Securities maintained a 'Buy' rating for LG Electronics and price target to 200,000 won.
In Q1 of 2021, LG Electronics recored sales of 17.1553 trillion won (QoQ -8.7%, YoY +16.5%) and operating profit of 1 trillion won (QoQ +53.9%, YoY -8.2%).
Fundamentals are remain strong. Directions for the MC sector are expected to be finalized in the first half of the year. With concerns on delay of MC reorganization, shares moved down recently.
Recently stock tumbled becasue of concerns on delay of MC reorganization and the share price is attractive enough to take a Buy position.
Reporter Lee Ji-sun stockmk2020@gmail.com
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