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LIGNEX1 office building (photo = LIGNEX1) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Korea Investment & Securities raised the target price of LIG Nex1 from 158,000 won to 195,000 won.
"We have reflected the estimates of Saudi Arabia's Cheongung-II export sales compared to the existing target stock price. The investment points of improving performance and expanding exports are valid in the mid- to long-term. We are waiting for large-scale export opportunities such as Cheongung-II exports to Romania and Saudi Arabia and Cheongung-II exports to the United States," said Korea Investment & Securities.
"The stock price has risen rapidly since February 2024. It rose 54.1 percent on March 15 from the closing price on Jan. 31. Despite volatility rising faster than expected, the investment point that led to the rise in stock prices is still valid," Korea Investment & Securities pointed out.
Korea Investment & Securities said, "First of all, the order backlog amounting to KRW 20 trillion will be recognized as sales and its performance will improve in the mid- to long-term."
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
