bullish
LIG Nex1: 10x Increase in Operating Profit from 2019 to 2022 Not Adequately Reflected in Share Price
350 Views24 Feb 2023 07:25
SUMMARY
- LIG Nex1 produces a wide range of advanced precision electronic systems, including missile, radars, electronic warfare, avionics, tactical communication systems, fire control systems, and naval combat systems.
- LIG Nex1's operating profit has jumped by nearly 10x from 2019 to 2022. However, its share price has not adequately reflected this growth.
- The company reached its highest ever order backlog of 12.2 trillion won at the end of 2022. The company is benefiting from increased demand for precision guided weapons worldwide.
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