[EQUITIES] ‘LG Uplus remains solid in Q1’
[THE INVESTOR] LG Uplus will post an earnings surprise in the first quarter with 200.7 billion won (US$176.95 million) operating profit, said Hana Financial Investment on April 21, maintaining a “buy” recommendation and 18,000-won target price.
Its stock price has fallen temporarily as the regulation risks have been highlighted, but when the company releases its earnings guidance, the price will surge, forecast analyst Kim Hong-sik.
The analyst noted that in the recent past LG Uplus’ stocks have witnessed a lot of volatility.
By Hwang You-mee (firstname.lastname@example.org)