"LG Uplus: Active Shareholder Returns and Anticipated Data Center Growth" [Click e-Stock]

On September 3, Daishin Securities maintained its target price of 20,000 won and a 'buy' investment rating for LG Uplus, stating that an active shareholder return policy is expected.

Kim Hoejae, a researcher at Daishin Securities, stated in his report on this day, "LG Uplus began a share buyback program worth 90 billion won from August 2026 to February 2027," adding, "Combining this year's estimated annual dividend (700 won per share, totaling 290 billion won) with the share repurchase, the total shareholder return could reach 380 billion won, resulting in a total shareholder return yield of 5.9%."

According to LG Uplus’ corporate value enhancement plan, the targeted shareholder return ratio is in the range of 40% to 60%. Researcher Kim analyzed, "If the company maintains a shareholder return ratio of 52% next year, the total return—including a dividend per share (DPS) of 780 won and share repurchases of 100 billion won—will be 420 billion won (a yield of 6.5%)." He added, "If LG Uplus achieves the upper end of its target at 60%, the return could increase to 470 billion won (a yield of 7.2%)."

The artificial intelligence data center (AIDC) business, which is a new growth engine, is also emerging as a next-generation core revenue source. Kim explained, "LG Uplus plans to expand its data center operating capacity from the current 165MW to 400MW by 2030," and added, "Including the AIDC in Paju, new centers to be established in the future will adopt business models such as GPU colocation, making it possible to achieve more than double the revenue compared to previous models."

This content was produced with the assistance of AI translation services.