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    A373220   KR7373220003

LG ENERGY SOLUTION, LTD.

(A373220)
  Report
End-of-day quote Korea Stock Exchange  -  2022-12-07
531000.00 KRW   -5.68%
04:01aChina's CATL to provide EV batteries for Honda starting in 2024
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S.Korean shares, won tumble on recession fears

09/28/2022 | 03:26am EST

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KOSPI ends at lowest in more than 2 years

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Korean won hits 13-1/2-year low against USD

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South Korea benchmark bond yield erases early gains

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For the midday report, please click

SEOUL, Sept 28 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares dropped more than 2% on Wednesday to their lowest close in more than two years, weighed down by heightened global recession fears.

** The Korean won weakened more than 1% against the dollar to hit a fresh 13-1/2-year low, while the benchmark bond yield erased much of early gains on market stabilising measures.

** The benchmark KOSPI ended down 54.57 points, or 2.45%, at 2,169.29, its lowest close since July 10, 2020.

** "The local market saw bigger losses than most Asian peers because of its higher proportion of tech shares, which were under pressure from the reports on Apple," said Na Jeong-hwan, an analyst at Cape Investment and Securities.

** LG Innotek, a camera part supplier, saw its worst day since mid-March 2020, falling 10.5% on reports that Apple dropped plans to increase production of its new iPhones this year.

** Among heavyweights, technology giant Samsung Electronics fell 2.40%, peer SK Hynix lost 0.98%, and battery maker LG Energy Solution declined 2.36%.

** Celltrion gained 0.6% after the company said it had received the final U.S. sales licence for a biosimilar anticancer drug.

** Foreigners were net sellers of shares worth 145.9 billion won ($101.06 million) on the main board.

** The won ended 1.28% lower at 1,439.9 per dollar on the onshore settlement platform, after touching its weakest level since March 16, 2009 at 1,442.2.

** In money and debt markets, December futures on three-year treasury bonds ended down 0.11 point at 101.40, after falling as much as 0.65 point.

** South Korea's finance ministry and central bank said they would each conduct buy-back and direct purchases of treasury bonds to stabilise the bond market.

** The most liquid 3-year Korean treasury bond yield fell by 7.8 basis points to 4.216%, while the benchmark 10-year yield rose by 2.5 basis points to 4.231%, after touching its highest since May 11, 2011 at 4.426%. ($1 = 1,443.7200 won) (Reporting by Jihoon Lee; Editing by Subhranshu Sahu)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 1.21% 142.65 Delayed Quote.-20.63%
CELLTRION, INC. 1.15% 176500 End-of-day quote.-10.86%
INNOTEK LIMITED 4.35% 0.48 Delayed Quote.-40.26%
KOSPI COMPOSITE INDEX -0.49% 2371.08 Real-time Quote.-19.95%
LG ENERGY SOLUTION, LTD. -5.68% 531000 End-of-day quote.0.00%
LG INNOTEK CO., LTD. -1.40% 282000 End-of-day quote.-22.53%
SAMSUNG ELECTRONICS CO., LTD. 0.51% 59200 End-of-day quote.-24.39%
SK HYNIX INC. -0.13% 78800 End-of-day quote.-39.85%
All news about LG ENERGY SOLUTION, LTD.
04:01aChina's CATL to provide EV batteries for Honda starting in 2024
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12/07South Korean shares face longest losing streak in more than 3 months
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12/06South Korean shares flat, won falls on firm dollar
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12/05South Korean shares track Wall St lower, China COVID situation in focus
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12/05South Korean Stocks Extend Losses on Fed Rate Hike Concerns; LG Energy Slides 4%
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More news
Analyst Recommendations on LG ENERGY SOLUTION, LTD.
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Financials
Sales 2022 25 024 B 19,0 B 19,0 B
Net income 2022 887 B 0,67 B 0,67 B
Net cash 2022 163 B 0,12 B 0,12 B
P/E ratio 2022 138x
Yield 2022 -
Capitalization 124 254 B 94 345 M 94 345 M
EV / Sales 2022 4,96x
EV / Sales 2023 3,66x
Nbr of Employees 10 557
Free-Float 14,7%
Chart LG ENERGY SOLUTION, LTD.
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LG Energy Solution, Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends LG ENERGY SOLUTION, LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Last Close Price 531 000,00 KRW
Average target price 619 700,00 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