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    A373220   KR7373220003

LG ENERGY SOLUTION, LTD.

(A373220)
  Report
End-of-day quote Korea Stock Exchange  -  2022-09-22
460500.00 KRW   -5.73%
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S.Korean shares rise as battery shares jump on IRA

08/09/2022 | 03:05am EDT

* KOSPI rises, foreigners net buyers

* Korean won strengthens against U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, Aug 9 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rose on Tuesday, as the passage of the Inflation Reduction Act by the U.S. Senate boosted stocks of battery makers. The Korean won strengthened, while the benchmark bond yield fell.

** The benchmark KOSPI rose 10.36 points, or 0.42%, to 2,503.46 as of 06:30 GMT.

** Among the heavyweights, technology giant Samsung Electronics fell 1.32% and peer SK Hynix fell 1.25%, while battery maker LG Energy Solution rose 2.35%. ** The higher likelihood of the Inflation Reduction Act being approved in the U.S. boosted battery shares and helped offset early KOSPI declines in the morning, said Lee Kyoung-min, analyst at Daishin Securities.

** The U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year's elections.

** Foreigners were net buyers of shares worth 34.9 billion won ($26.74 million).

** The won was quoted at 1,304.6 per dollar on the onshore settlement platform, 0.14% higher than its previous close at 1,306.4.

** In offshore trading, the won was quoted at 1,304.4 per dollar, down 0.4% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,303.3.

** The KOSPI has fallen 15.92% so far this year, but gained 3.8% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 446.43 million shares. Of the total traded issues of 928, the number of advancing shares was 422.

** The won has lost 8.9% against the dollar so far this year.

** The most liquid 3-year Korean treasury bond yield fell by 0.3 basis points to 3.133%, while the benchmark 10-year yield fell by 1.6 basis points to 3.162%. ($1 = 1,305.0400 won) (Reporting by Cynthia Kim; Additional reporting by Youn Ah Moon; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRITISH POUND / US DOLLAR (GBP/USD) -1.97% 1.05825 Delayed Quote.-19.80%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.41% 0.7329 Delayed Quote.-7.03%
DAISHIN SECURITIES CO., LTD. -2.61% 14950 End-of-day quote.-19.84%
EURO / US DOLLAR (EUR/USD) -0.55% 0.96332 Delayed Quote.-14.81%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.39% 0.01226 Delayed Quote.-8.35%
KOSPI COMPOSITE INDEX -1.81% 2290 Real-time Quote.-23.06%
LG ENERGY SOLUTION, LTD. -5.73% 460500 End-of-day quote.0.00%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.44% 0.57168 Delayed Quote.-15.97%
SAMSUNG ELECTRONICS CO., LTD. 0.18% 54500 End-of-day quote.-30.40%
SK HYNIX INC. -2.91% 83500 End-of-day quote.-36.26%
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Analyst Recommendations on LG ENERGY SOLUTION, LTD.
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Financials
Sales 2022 22 130 B 15,6 B 15,6 B
Net income 2022 869 B 0,61 B 0,61 B
Net cash 2022 26,9 B 0,02 B 0,02 B
P/E ratio 2022 123x
Yield 2022 0,01%
Capitalization 107 757 B 76 001 M 76 001 M
EV / Sales 2022 4,87x
EV / Sales 2023 3,67x
Nbr of Employees 9 926
Free-Float 14,7%
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Technical analysis trends LG ENERGY SOLUTION, LTD.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 27
Last Close Price 460 500,00 KRW
Average target price 537 296,30 KRW
Spread / Average Target 16,7%
EPS Revisions
Managers and Directors
Young-Soo Kwon Chairman & Chief Executive Officer
Sang-Hyeon Lee Managing Director & Head-Finance
Young-Joon Shin Chief Technology Officer
Mi-Nam Shin Independent Director
Mi-Suk Yeo Independent Director
Sector and Competitors