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    A003550   KR7003550001

LG CORP.

(A003550)
  Report
End-of-day quote Korea Stock Exchange  -  2022-08-11
84500.00 KRW   +1.32%
08/11LG : Earnings Release for 2Q22
PU
08/08South Korean Stocks Rise on Optimism Around US Jobs Market; LG Uplus Adds 1%
MT
08/08Diversey Holdings, LG Electronics Enter Distribution Deal for UK, Ireland Markets
MT
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LG Corp. Rallies on Hopes for Better Investor Returns

05/30/2022 | 01:40am EDT

By Kwanwoo Jun


LG Corp.'s shares rallied Monday on hopes for better investor returns after it decided to buy back shares and removed a ceiling on future dividend payments.

Shares in the South Korean holding company, which has big stakes in multiple LG Group affiliates, rose 9.9% to 81,900 won ($65.28) in early afternoon trade, notching a four-month intraday high. The Kospi benchmark was 1.2% higher.

LG Corp.'s rally came after it decided Friday after markets closed that it would repurchase KRW500 billion in stocks, or about 4% of its total market capitalization, by 2024 to help boost investor returns.

The company also removed a stipulation stating that its dividend payouts shouldn't exceed its own dividend income.

The removal of the dividend rule paves the way for LG Corp. to use other income resources and pay better dividends to investors, SK Securities analyst K.S. Choi said in a research note Monday.

Mr. Choi said he expects LG Corp.'s dividend per share to rise to KRW3,600 in 2022, up 29% from KRW2,800 in 2021.

Regulatory filings show that LG Corp. retains share holdings of 33.67% in LG Electronics Inc., 33.37% in LG Chem Ltd. and 37.66% in LG Uplus Corp.

The holding company's earnings largely come from dividend income via its holdings in LG units, trademark rights and real-estate properties, the filings show.

Ebest Investment & Securities analyst S.W. Lee said in a research note Monday that he remains positive on LG Corp.'s estimated KRW1.9 trillion in cash reserves, particularly on its plan to invest about KRW1 trillion of that in new businesses.


Write to Kwanwoo Jun at kwanwoo.jun@wsj.com


(END) Dow Jones Newswires

05-30-22 0139ET

Stocks mentioned in the article
ChangeLast1st jan.
KOSPI COMPOSITE INDEX 0.49% 2528.66 Real-time Quote.-15.05%
LG CHEM, LTD. 1.06% 665000 End-of-day quote.8.13%
LG CORP. 1.32% 84500 End-of-day quote.4.45%
LG ELECTRONICS INC. 0.00% 101000 End-of-day quote.-26.81%
LG UPLUS CORP. 0.40% 12500 End-of-day quote.-8.09%
SK SECURITIES CO., LTD. 0.00% 775 End-of-day quote.-22.50%
All news about LG CORP.
08/11LG : Earnings Release for 2Q22
PU
08/08South Korean Stocks Rise on Optimism Around US Jobs Market; LG Uplus Adds 1%
MT
08/08Diversey Holdings, LG Electronics Enter Distribution Deal for UK, Ireland Markets
MT
08/07LG Uplus' Net Income Declines 23% in June Quarter
MT
08/05S.Korean shares post third straight weekly gain
RE
08/03LG : Energy Solution Aims to Achieve RE100 in All Global Production Sites by 2025
PU
08/01LG Electronics Reports Highest-ever Q2 Revenues on Strong Sales of LG Home Appliances
MT
08/01S.Korean shares end subdued after mixed economic data
RE
08/01LG : Chem - GS Caltex kickstarts the establishment of white bio ecosystem
PU
08/01LG : Chem Announces Q2 Business Performance
PU
More news
Analyst Recommendations on LG CORP.
More recommendations
Financials
Sales 2022 7 441 B 5,68 B 5,68 B
Net income 2022 2 562 B 1,95 B 1,95 B
Net cash 2022 2 172 B 1,66 B 1,66 B
P/E ratio 2022 5,50x
Yield 2022 3,76%
Capitalization 13 482 B 10 287 M 10 287 M
EV / Sales 2022 1,52x
EV / Sales 2023 1,26x
Nbr of Employees 187
Free-Float 57,2%
Chart LG CORP.
Duration : Period :
LG Corp. Technical Analysis Chart | MarketScreener
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Technical analysis trends LG CORP.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 84 500,00 KRW
Average target price 110 444,44 KRW
Spread / Average Target 30,7%
EPS Revisions
Managers and Directors
Kwang-Mo Koo Chairman & Co-Chief Executive Officer
Young-Soo Kwon Vice Chairman & Co-Chief Executive Officer
Beom-Jong Ha Director & Head-Finance
Bong Seok kwon Vice Chairman & Chief Operating Officer
Sang-Tai Choi Independent Director
Sector and Competitors
1st jan.Capi. (M$)
LG CORP.4.45%10 334
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TELEPERFORMANCE SE-19.69%19 067
EDENRED SE27.88%13 256
BUREAU VERITAS SA-8.33%12 401
GENPACT LIMITED-8.97%8 866