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>We forecast LX International’s 3Q25 revenue at W4.26tr (-6.6% YoY, +11.2% QoQ).</li><li>While seasonal factors should drive a rebound from 2Q25, year-on-year contraction is likely to persist.</li><li>We estimate operating profit at W62.8bn (+14.1% QoQ). In the resources division, we expect operating profit to recover to W8.7bn (+33.5% QoQ), as the waste disposal costs that weighed on the previous quarter are no longer present. </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>

We forecast LX International’s 3Q25 revenue at W4.26tr (-6.6% YoY, +11.2% QoQ).While seasonal factors should drive a rebound from 2Q25, year-on-year contraction is likely to persist.We estimate operating profit at W62.8bn (+14.1% QoQ). In the resources division, we expect operating profit to recover to W8.7bn (+33.5% QoQ), as the waste disposal costs that weighed on the previous quarter are no longer present. 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/Hold)Finding Sustainable Momentum