External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>For 3Q25, LG Uplus posted consolidated revenue of approximately W4tr (+5.5% YoY; 4% above the consensus), operating profit of W161.7bn (-34.3% YoY; 11% below the consensus), and an OP margin of 4%.</li><li>Increases in both service and handset revenue supported growth in consolidated revenue.</li><li>Increases in both service and handset revenue supported growth in consolidated revenue. However, the drop in operating profit was much steeper than that seen in 3Q24, owing to a 31% YoY increase in labor expenses.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

For 3Q25, LG Uplus posted consolidated revenue of approximately W4tr (+5.5% YoY; 4% above the consensus), operating profit of W161.7bn (-34.3% YoY; 11% below the consensus), and an OP margin of 4%.Increases in both service and handset revenue supported growth in consolidated revenue.Increases in both service and handset revenue supported growth in consolidated revenue. However, the drop in operating profit was much steeper than that seen in 3Q24, owing to a 31% YoY increase in labor expenses.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

LG Uplus (032640 KS/Buy)Continued Wireless Growth Vs. One-Off Labor Expenses

LG Uplus Corp

LG Uplus (032640 KS/Buy)Continued Wireless Growth Vs. One-Off Labor Expenses