LG Group stocks are showing strong gains in early trading, driven by optimism surrounding LG Electronics' robotics business, which is boosting buying interest across the holding company and its major affiliates.
According to the Korea Exchange, as of 10:07 a.m., LG shares were trading at 137,800 won, up 20,800 won (17.78%) from the previous trading day. The rapid rise triggered a volatility interruption mechanism shortly after the market opened.
At the same time, LG Electronics saw its stock rise by 38,000 won (17.51%) to 255,000 won. This follows five consecutive days of gains leading up to today, indicating a strong upward trend.
Other major affiliates also experienced increases, including LG CNS (7.90%), LG Innotek (5.92%), LG Display (5.28%), LG HelloVision (3.19%), and LG Energy Solution (1.13%).
Market analysts believe that the recent excitement surrounding LG Electronics' robotics business is spreading throughout the group, attracting investment in related stocks.
Earlier, Hana Financial Investment raised its target price for LG Electronics to 230,000 won, citing improvements in cost structure and marketing efficiency that bolster profit resilience, along with aggressive expansion into robotics-related new businesses.
The report noted that during the March shareholders' meeting, plans were announced to establish a production system for humanoid robot actuators within the year and to advance the proof of concept (PoC) for next year. The acceleration of the PoC plan to the first half of this year suggests an active push in the robotics sector.
Additionally, analysts pointed out that the recent surge in stock prices for semiconductor giants Samsung Electronics and SK Hynix has positively influenced investor sentiment, leading to similar gains for holding companies like Samsung C&T and SK Square.
As of the last trading day, Samsung C&T and SK Square closed at 442,000 won and 1,171,000 won, respectively. Notably, SK Square's stock surpassed 1 million won on June 6, driven by a surge in the corporate value of its key subsidiary, SK Hynix.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.