[Featured stock] LIG D&A, intraday 52-week low due to 3rd quarter earnings shock

LIG Defense & Aerospace [079550] (LIG D&A) fell to a new 52-week low in the early trading on the 9th due to poor performance in the third quarter.

As of 9:45 am on the 9th, LIG ​​D&A is trading at 287,000 won, down 11.96% from the battlefield.

The stock price once fell 12.12% to 286,500 won, hitting a new 52-week low.

LIG D&A announced on the 6th, the previous trading day, that its third quarter operating profit (consolidated basis) recorded KRW 67.6 billion.

This is a 24.6% decrease compared to the same period last year, and is 27.6% lower than the market estimate (KRW 93.4 billion) compiled by financial information company Yonhap Infomax.

The poor performance in the third quarter appears to be due to delays in delivery due to disruptions in the supply of external parts and a decrease in export margins due to the decline in the won/dollar exchange rate.

Lee Dong-heon, a researcher at Shinhan Investment & Securities, lowered LIG D&A's target stock price from 980,000 won to 430,000 won and explained, "The slowdown in profitability is expected to continue until next year, and the uncertainty of domestic orders has also increased due to sanctions against the Defense Acquisition Program Administration."

Other securities companies, including BNK Investment & Securities (1.1 million → 540,000 won), iM Securities (1.23 million → 810,000 won), and Eugene Investment & Securities (1 million → 670,000 won), also lowered their target stock prices.