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

Mirae Asset Securities

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives.

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Equity Bottom-Up

<ul><li>LX International posted 2Q26 consolidated revenue of W4.776tr and operating profit of W117.8bn, with the latter slightly exceeding both our estimate (W111.4bn) and the consensus (W110.7bn).</li><li>Resources operating profit declined W10.5bn QoQ to W21.6bn, weighed down by lower coal production due to the Indonesian government’s production quota restrictions.</li><li>That said, the AKP mine delivered a sharp improvement on favorable nickel market conditions, posting standalone revenue of W54.2bn and operating profit of W14.8bn.</li></ul><p><em>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.</em></p>

LX International posted 2Q26 consolidated revenue of W4.776tr and operating profit of W117.8bn, with the latter slightly exceeding both our estimate (W111.4bn) and the consensus (W110.7bn).Resources operating profit declined W10.5bn QoQ to W21.6bn, weighed down by lower coal production due to the Indonesian government’s production quota restrictions.That said, the AKP mine delivered a sharp improvement on favorable nickel market conditions, posting standalone revenue of W54.2bn and operating profit of W14.8bn.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.

LX International (001120 KS/Buy)Strong Earnings Lift Shareholder Return Expectations