LS Electric Cheongju Smart Factory View. (Photo=LS Electric)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Hana Securities raised its target price of LS ELECTRIC from 100,000 won to 115,000 won on the 21st.

"The first-quarter earnings are expected to meet market consensus. As the power infrastructure sector continues to perform well, we will make up for the slump in other sectors," Hana Securities said. "We are expected to enter the profit sector from the third quarter compared to the previous year, although we have a high base in 2023."

Hana Securities diagnosed that LS ELECTRIC's strong performance in the North American power equipment market from 2023 is proven by the performance of the power infrastructure sector. New orders also increased steadily in North America, and sales and margins were expected to continue to improve.

"Of course, the increase in performance outside South Korean conglomerates' demand for investment in North America, such as secondary battery materials and carmakers, appears to have yet to be under visible influence, but the power infrastructure sector could grow faster if local operations expand in the future," Hana Securities said.

[ⓒ AlphaBIZ. 무단전재-재배포 금지]