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LG Corp. (003550.KS) To Witness Huge Growth by 2025

LG Corp. (003550.KS) To Witness Huge Growth by 2025

The Global robotics Market was valued at around US$ 34 Billion in 2019 and the market is anticipated to register a double digit CAGR over the forecast period of 2020 – 2025. The market for robotics is anticipated to grow exponentially during the forecast period driven by advantages like cost reduction, improved quality, increased production, and improved workplace health and safety. The adoption of robots across a wide range of industries as well as manufacturing, healthcare, defence and security, logistics, inspection and maintenance, automotive, electronics, and food and beverage has accelerated the expansion of the market.

Robots deliver higher quality products and services more efficiently, with less wastage and without inflicting physical damage to humans thanks to their autonomous nature. The increasing use of robotics will boost the growth of the market in the coming future. However, the high initial investment and concern for human safety restricts the growth of the market.

Impact of COVID-19 on robotics Market

The COVID-19 outbreak has become a worldwide stress test. As the number of individuals infected with the virus continues to rise around the world, uncertainties regarding global economic growth will increase. The number of infections and deaths from COVID-19 is still growing, and the duration of the pandemic is still tough to predict. Following a slowdown in international demand of industrial robots due to the COVID-19 pandemic, it’s expected that the most important industrial robot vendors will struggle throughout the year 2020.

The novel coronavirus has increased interest in robots, drones, and artificial intelligence. These technologies will help deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the requirement for social distancing; and diagnosis and treatment.

For example, service robotics play an important role in healthcare, they minimize human intervention at all levels, ranging from patient examination to patient care and drug delivery mechanism. The virus has been a good opportunity for corporations to show robots for public applications. Public relations, Rescue and Security, Inspection, Cleaning, Monitoring, and Detection are all key aspects of containing the pandemic. disinfection robot UVD for example has been in high demand since the outbreak of COVID-19 pandemic.

Industrial robotics Market – Overview

The global industrial robotics market is likely to surpass US$ 24 Billion mark by 2025. The demand for industrial robotics is anticipated to grow exponentially throughout the forecasting period driven by advantages like cost reduction, improved quality, increased production, and improved work health and safety. The adoption of automation to ensure quality production and meet market demand, and also the growing demand from small- and medium-scale enterprises in developing countries is fuelling the expansion of industrial robotics market globally.

Global Service robotics Market – Overview

The global service robotics market was valued at over US$ 17 Billion in 2019 and is anticipated to show significant growth during the forecast period, driven by an upsurge in its adoption thanks to high labor cost, lack of skilled workforce, increasing research and development investments, growing awareness relating to the advantages of service robots, and increased demand for automation among professional and personal sectors.

Service robots have witnessed widespread acceptance among numerous professional and personal applications owing to advantages such as increased usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors. Professional service robots are used in numerous industries including medical, defence, agriculture, logistics, inspection and maintenance, rescue and security, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose. The high initial investment and concern for human safety restricts the expansion of the market.

LG Summary

LG Corp is a Korea-based holding company engaged in the management of its subsidiaries.

The Company’s subsidiaries include LG Electronics Inc., engaged in the manufacture of consumer electronic products; LG Chem Ltd, engaged in the manufacture of petrochemical products; LG Uplus Corp, engaged in the wireless telecommunication business; LG CNS Co., Ltd., engaged in the provision of computer system advisory and construction services; S&I Corporation, engaged in the provision of real estate operation and management services for buildings, factories and others; LG Management Development Institute, engaged in the provision of education and management consulting services, as well as LG SPORTS Ltd., engaged in the operation of football clubs, among others.

Shayne Heffernan Trade Idea

“We predict the future price of LG will come in around KRW 89000 which will give the stock a price increase of +22.76%.

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 64,576.34.

The projected upper bound is: 77,767.64.

The projected lower bound is: 67,768.36.

The projected closing price is: 72,768.00.

Candlesticks

During the past 10 bars, there have been 6 white candles and 2 black candles for a net of 4 white candles. During the past 50 bars, there have been 30 white candles and 18 black candles for a net of 12 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 77.5701. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 70.23. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 51 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 121.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 7 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 15 period(s) ago.

Rex Takasugi – TD Profile

LG CORP closed unchanged at 72,500.000. Volume was 17% below average (neutral) and Bollinger Bands were 17% wider than normal.

Open         High        Low         Close       Volume
72,500.000  73,900.000   71,800.000  72,500.000  273,911
Technical Outlook
Short Term:        Overbought
Intermediate Term: Bullish
Long Term:         Bullish
Moving Averages: 10-period       50-period         200-period
Close:           68,130.00       62,428.00         68,448.75
Volatility:      42              52                46
Volume:          350,847         310,091           256,285

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

LG CORP is currently 5.9% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect volume flowing into and out of 003550.KS at a relatively equal pace (neutral).

Our trend forecasting oscillators are currently bullish on 003550.KS and have had this outlook for the last 9 periods. Our momentum oscillator is currently indicating that 003550.KS is currently in an overbought condition.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of the Nasdaq Stock Market. Trading

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