Korea Investment & Securities maintained its investment opinion on LG Electronics of 'Buy' and maintained the target price of 220,000 won.
Korea Investment & Securities predicted on the 30th that LG Electronics' first-quarter earnings will exceed market expectations due to strong TV sales.
LG Electronics estimated sales of 18 trillion won and operating profit of 1.22 trillion won in the first quarter of 2021.
The securities firm analyzed, "LG Electronics' first-quarter operating profit is estimated to increase 12.2% year-on-year, exceeding the consensus (1.17 trillion won), while TV sales are expected to increase 32.9% year-on-year due to strong sales in North America and Europe."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
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#Korea Investment & Securities
#LG Electronics
#TV sales
#North America and Europe
#strong TV sales
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