NH Investment & Securities maintained its investment opinion on LG Electronics on the 6th and raised the target price by 10.5% from 190,000 won to 210,000 won.
NH Investment & Securities expected "LG Electronics' official plan to shut down its smartphone business will be a positive factor for future earnings and stock prices. Operating profit and cash flow of the company will improve after 2021 due to the complete withdrawal of the smartphone business. The enterprise value will be increased and profitability will be improved as it dumps the business incurring losses. We have changed the enterprise value from 30.9 trillion won to 33.8 trillion won, reflecting the net debt reduction effect."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
