Shares in LG Electronics hit a six-year high on Thursday on hopes its new smartphone will help propel fourth-quarter earnings.
The stock jumped as much as 5.9% to a six-year intraday high of Won104,000 after brokerage CLSA raised its rating on the shares to overweight and lifted its price target to Won115,000 from Won74,000.
LG Electronics announced its newest smartphone model, the LG V30+ will be available from this weekend to customers in Qatar before rolling out sales globally. The phone won 26 awards at this year's IFA trade show in Berlin.
The stock has been an investor favourite this year, rising 96.7% since the start of January, as strong sales of home appliances offset losses at its mobile business.