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(Photo= LS) |
[Alpha Biz= Reporter Kim Jisun] Samsung Securities predicted that LS's subsidiary LS I & D's U.S. telecommunication business and electric vehicle-related earnings are expected to grow. It maintained its investment opinion 'buy' and raised its target stock price to 155,000 won, up 19% from the previous year.
"LS is expected to grow the structural performance of its subsidiaries," Samsung Securities said on the 22nd. "It will raise its target price by applying 15 times the average PER of its competitors to their net earnings per share (EPS) in 2024."
Samsung Securities paid attention to LS I & D, which has a direct impact on copper prices among LS subsidiaries. Samsung Securities Co. is believed to have started posting surpluses since the third quarter of last year, which is expected to contribute to profits from increased sales.
In addition, it is expected to benefit from this as the implementation of the U.S. Telecommunication Line Business Subsidy Support Act (BEAD Act) is scheduled for the second half of this year. "The U.S. telecommunication business is expected to be more profitable than the Gwonseon business, which is expected to improve LS I&D's performance," Samsung Securities Co. said. "LS I&D conducted a free IPO on the telecommunications sector in May last year and sold its 19.9% stake for $150 million, and it is estimated that the value of the sector has been recognized as about 1 trillion won," Samsung Securities said. "We will proceed with the listing within the next three or five years at the latest."
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
