[EQUIITES] ‘LSIS will continue to grow in H2’
[THE INVESTOR] LS Industrial Systems will remain on an upturn in the second half, said Samsung Securities on July 25, raising the target price to 71,000 won (US$63.67) from 62,000 won.
Its second-quarter operating profit beat market consensus at 43.7 billion, and the trajectory will be maintained in the latter half, said analyst Yang Ji-hye. Its earnings will be further boosted when its electric infrastructure sector wins more orders, added the analyst.
Kiwoom Securities agreed on the prospects, maintaining a “buy” recommendation and 68,000 won target price.
Its earnings advanced across sectors and its subsidiaries rode on the boom in semiconductor and display industries, said analyst Kim Ji-san.
Automation business in particular leaped following the reshuffle of product portfolio and electric infrastructure buoyed the bottom line with 28 percent revenue growth, explained the analyst.
The company will post 44.8 billion won operating profit in the third quarter, up 49 percent on-year, and continue to rally in the fourth quarter, he added.
By Hwang You-mee (glamazon@heraldcorp.com)