LS ELECTRIC (010120) continued its weakness for a third consecutive trading day, falling more than 5% during the session.

As of the afternoon of the 12th, LS ELECTRIC was trading at 184,300 won, down 11,300 won from the previous trading day. Based on the provided price, the decline is about 5.78%.

Amid this, Daishin Securities lowered its target price for LS ELECTRIC by 9% to 300,000 won. However, even while cutting the target price, the brokerage assessed that the company's investment appeal is strengthening.

Separately from the target price reduction, Daishin Securities also presented an earnings growth outlook. The brokerage projected LS ELECTRIC's third-quarter operating profit this year at 191.9 billion won, a 90% increase from the same period last year, in line with market expectations.

The report also included details on product development. According to Daishin Securities, LS ELECTRIC is jointly developing a range of 800V DC product lines with global leading companies. The report presented this development progress alongside its assessment of strengthened investment appeal.

In short, while the stock price has declined for three consecutive trading days, Daishin Securities' analysis distinguishes between the target price adjustment and its business evaluation. Although the target price was lowered, the outlook for increased third-quarter operating profit and the details on the joint development of 800V DC product lines were maintained.

[This article was written based on provided market prices and a summary of a securities report, and is not an investment recommendation. Intraday prices are subject to change, and earnings forecasts and target prices may differ from actual results or be revised. Investment decisions and any resulting responsibility rest with the investor. This article was written with AI assistance.]