- LG Chem reports a stronger-than-expected operating profit for the second quarter.
- The company achieved an operating profit of 476.78 billion won, surpassing the expected 438.27 billion won.
- LG Chem’s sales for the quarter were 11.42 trillion won, exceeding the estimated 11.36 trillion won.
- The company currently has strong market support, with 26 buy ratings, 4 hold ratings, and no sell ratings from analysts.
LG Chem Ltd on Smartkarma
Analysts on Smartkarma, like Douglas Kim, are closely covering LG Chem Ltd, among other top Korean stock picks. In a recent bi-weekly report, the top 10 picks included LG Chem, showing a bullish sentiment. The stock picks have performed well, outpacing the market average in the past two weeks, indicating positive investor confidence in companies like LG Chem.
Another analyst, Sanghyun Park, also shared insights on LG Chem, providing a bullish outlook. With LG Chem being highlighted in gap trade opportunities between common and preferred shares, analysts anticipate the price divergence to revert in the coming weeks. This analysis showcases LG Chem’s potential for investors looking to capitalize on market discrepancies. Overall, the sentiment surrounding LG Chem on Smartkarma appears to be optimistic and worth considering for investment decisions.
A look at LG Chem Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
LG Chem Ltd. is positioned with a promising long-term outlook according to the Smartkarma Smart Scores. The company receives solid scores across various factors, with high marks in Value and Momentum. This indicates a strong underlying value and positive market sentiment towards LG Chem. While the company scores lower in Dividend, Growth, and Resilience, the overall outlook remains optimistic due to the favorable ratings in other key areas.
As a chemical manufacturer specializing in petrochemicals, plastic resins, and engineering plastics, LG Chem Ltd. is well-established in the industry. The company also produces industrial and electronic materials, showcasing a diverse product portfolio. With its favorable Smart Scores highlighting strengths in value and momentum, LG Chem appears to be poised for steady growth and continued success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars
