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LG Uplus Jumps Most in 22 Months on Smartphone Speculation

March 8 (Bloomberg) -- LG Uplus Corp. jumped the most in 22 months in Seoul trading on speculation the company’s smartphone subscribers are increasing faster than expected, an analyst said.

The South Korean mobile-phone operator jumped 8.2 percent to 5,950 won as of 1:56 p.m. on the Korea Exchange, while the benchmark Kospi stock index climbed 1.3 percent.

“Faster-than-expected growth of smartphone subscribers will lead to an earnings turnaround this year,” Stan Jung, an analyst at Woori Investment & Securities Co., said by phone today. He said the shares are “cheap.”

Link to Company News:{032640 KS <Equity> CN <GO>}

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Sangim Han at sihan@bloomberg.net

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