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    A066570   KR7066570003

LG ELECTRONICS INC.

(A066570)
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LG Electronics Rallies After Media Report on Apple Car

11/18/2021 | 09:16pm EST

By Kwanwoo Jun

LG Electronics Inc.'s shares rallied Friday after a news report that Apple Inc. is accelerating plans for a battery-powered autonomous vehicle within four years.

LG Electronics' gains reflect investor hopes that the South Korean company and its affiliates, which have long supplied parts to Apple, could benefit from the Apple car project.

Shares of LG Electronics jumped by as much as 12% to 137,500 Korean won ($116.23) in morning trade before drifting lower. They were 6.9% higher in late morning trade, outpacing the benchmark Kospi's 0.1% gain.

Bloomberg reported early Friday that Apple plans to launch an electric, self-driving car as soon as 2025. Details remain thin, and Apple hasn't commented on the latest news report.

Apple has never confirmed periodic media reports that it is entering the EV market..

LG Electronics in July launched LG Magna e-Powertrain, a joint venture with Canadian auto-parts maker Magna International in a bid to bolster its electric-vehicle components business.

The Korean company gave no immediate comment on speculation of a partnership with Apple for what some call an iCar project.

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

(END) Dow Jones Newswires

11-18-21 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.51% 173.07 Delayed Quote.-2.53%
LG ELECTRONICS INC. 0.34% 146000 End-of-day quote.5.80%
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Analyst Recommendations on LG ELECTRONICS INC.
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Financials
Sales 2021 74 767 B 62,8 B 62,8 B
Net income 2021 1 628 B 1,37 B 1,37 B
Net Debt 2021 4 608 B 3,87 B 3,87 B
P/E ratio 2021 16,0x
Yield 2021 0,85%
Capitalization 24 953 B 20 969 M 20 960 M
EV / Sales 2021 0,40x
EV / Sales 2022 0,36x
Nbr of Employees 37 337
Free-Float -
Chart LG ELECTRONICS INC.
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LG Electronics Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends LG ELECTRONICS INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 146 000,00 KRW
Average target price 177 538,46 KRW
Spread / Average Target 21,6%
EPS Revisions
Managers and Directors
Joo-wan Cho Chief Executive Officer
Byoung-hoon Kim Chief Technology Officer & Executive VP
Jong-Sang Lee Vice President, Head-Legal & Compliance Support
Joon-Geun Choi Independent Director
Dae-Hyung Kim Independent Director
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