KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home LG

LG Electronics Stocks Foresee Fall Amid Performance Woes

 1,146 total views,  1 views today

KoreaTechToday Editor by KoreaTechToday Editor
PUBLISHED: August 1, 2019 UPDATED: August 1, 2019
in LG
0
LG Electronics Stocks Foresee Fall Amid Performance Woes
LG Stocks from Google Finance as of August 1, 2019

LG Stocks from Google Finance v2

Korea Investment & Securities has lowered its outlook on the price of LG Electronics stocks due to the latter’s drop in operating profits. The company is reportedly struggling to maintain its momentum in several of its industries, specifically the smartphone and television products.

Previously ranging around 97,000 won per share, LG Electronics’ shares are now forecasted at 84,000 won each. The securities exchange said that a flip on the prices is very unlikely any time soon.

The forecast came a day after LG Electronics released their 2019’s second-quarter financial statement. During April to June 2019, the company recorded KRW 652.3 billion as their operating income, which is 15.4 percent lower than the operating income for the same period last year.

It is noteworthy, however, that the company was able to earn higher revenue this year in comparison to last year’s second quarter. The company made KRW 6.10 trillion in sales from April to June 2019. Their revenue is higher by 4.1 percent than last year for the same period.  According to reports, the inconsistency may be due to the falling prices of electronic devices worldwide.

What Is Happening With LG Electronic Stocks?

“Most companies in the smartphone industry have suffered a slowdown of demand,” said Park Hyung-woo, a financial analyst. “In the TV market, competition has become fiercer as Samsung Electronics, as well as Chinese companies, have lowered the prices for large LCD panels,” continued. Park also attributed the decline to LG’s decision to relocate its domestic smartphone production to Vietnam.

One of the most significant contributors to the companies drop in operating income is its mobile communications division. Cho Cheol-Hee, a financial analyst, mentioned that the division has been experiencing an operating loss for the past 17 quarters. LG’s home entertainment division, on the other hand, saw a 49.2 percent decrease in its operating profit from last year.

“LG Electronics needs to make a breakthrough for its home entertainment and mobile communications divisions,” Cho said during a press conference.

LG’s third-quarter earnings also have a bleak future, according to IBK Securities. The company predicts a 35 percent lower operating profit for July to September compared to the same period last year. Another Investment firm, Shinhan Investment, has likewise lowered its forecast for LG Electronics stocks from 89,000 won to 83,000 won.

What’s your thoughts?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
Tags: FinanceInvestmentLGLG ElectronicsNewsStocks

Related Posts

LG & Samsung
LG Stocks from Google Finance as of August 1, 2019
LG

Samsung Electronics & LG Electronics post record first-quarter earnings

April 8, 2022
LG enters the gaming laptop market with its first-ever UltraGear gaming laptop
LG Stocks from Google Finance as of August 1, 2019
LG

LG enters the gaming laptop market with its first-ever UltraGear gaming laptop

December 22, 2021
LG introduces dual-language AI model ‘Exaone’
LG Stocks from Google Finance as of August 1, 2019
AI

LG introduces dual-language AI model ‘Exaone’

December 15, 2021
LG CNS will offer metaverse service for the corporate world
LG Stocks from Google Finance as of August 1, 2019
LG

LG CNS will offer metaverse service for the corporate world

December 8, 2021
Korean tech giants take lead in climate tech projects
LG Stocks from Google Finance as of August 1, 2019
Climate change

Korean tech giants take lead in climate tech projects

November 10, 2021
LG Energy Solution signs battery materials deal with Australian Mines Ltd
LG Stocks from Google Finance as of August 1, 2019
Eco-friendly vehicle

LG Energy Solution signs battery materials deal with Australian Mines Ltd

August 17, 2021
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • Robots to help Police Patrol in South Korea

    0 shares
    Share 0 Tweet 0
  • South Korea plans Urban Air Mobility Air Taxi services by 2025

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • SK On to introduce South Korea’s first LFP Battery Prototype

    0 shares
    Share 0 Tweet 0
  • Outsourcing by Samsung to China Feared by Phone Parts Suppliers

    0 shares
    Share 0 Tweet 0
  • Netmarble subsidiary Metaverse Entertainment’s K-Pop virtual girl band MAVE has a smashing online debut

    0 shares
    Share 0 Tweet 0
  • Top Eight Promising EdTech Startup Companies in South Korea

    0 shares
    Share 0 Tweet 0
  • KT Continues to Accelerate Its ‘Digico’ Transformation

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |