[Featured Stock] Earnings Surprise... LS Electric Up 12%
LS Electric (LS ELECTRIC) is rising alongside the strong performance of LS Group stocks.
As of 10:27 AM on the 20th, LS Electric is trading at 216,000 KRW, up 12.50% from the previous trading day.
Recently, stocks of LS Group, as well as wire companies such as Daehan Cable and Daewon Cable, have shown strong performance. The activation of artificial intelligence (AI) is expected to increase electricity demand, leading to higher sales, which appears to be a positive factor.
Hana Securities analyzed LS Electric, stating, "In the first quarter of this year, it recorded sales of 1.0386 trillion KRW and an operating profit of 93.7 billion KRW," adding that expectations are rising depending on whether it benefits from increased demand for ultra-high voltage transmission equipment in North America.
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LS Electric's North American sales in the first quarter of this year reached 240 billion KRW, a 60% increase from 150 billion KRW in the same period last year. The securities industry expects that LS Electric will record annual sales of 1 trillion KRW in North America for the first time this year.
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