DS Investment & Securities expects LS Electric to see a surge in demand for power facilities on the AI boom

COMPANY / Reporter Kim SangJin / 2024-03-06 07:57:24
LS일렉트릭 청주스마트공장 전경. (사진=LS일렉트릭)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] DS Investment & Securities attributed the 21% surge in stock prices over the past two days to expectations that demand for power facilities will surge on the back of the artificial intelligence (AI) boom. AI is also affecting the global power equipment industry. Investment opinion 'buy', the target remained at KRW 100,000. The closing price for the 5th is 77,800 won.

"All power device companies are being highlighted as the stock prices of LS Electric and its domestic competitors are rising together," said DS Investment & Securities. "The AI competition of each company is intensifying and the data center is expanding recently and demand for power facilities is expected to increase rapidly."

DS Investment & Securities maintained its investment opinion 'buy' and target price of 100,000 won for LS Electric. This year, sales and operating profit growth are expected to be 14.3% and 4.1%, respectively, which will be lower than the previous year.

Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)

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