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<p>『LX인터내셔널(001120.KS) - 속도가  느려지나 멈추진 않는다』 <br>기업분석부 박광래<br><br>▶️3Q24 Review: 영업이익 1,547억원(+143.2% YoY)으로 시장 기대치 상회 <br>- 해상 운임 상승 및 물동량 증가 시현하며 물류 부문이 전사 호실적을 견인 <br>- 트레이딩/신성장 부문은 트레이딩 품목 판매량 증가 및 포승그린파워 실적 개선됨 <br>- 자원부문은 인니탄 시황 하락에도 GAM광산 원가 절감으로 수익성 방어 <br><br>▶️4분기 영업이익 1,396억원(+131.4% YoY) 전망 <br>- 4분기도 전년동기대비 성장세 지속되나 3분기 대비 이익 감소 불가피 전망 <br>- 석탄 관련 사업 비수기 진입 및 해상운임은 급락 중인 점을 반영 <br>- 내년 상반기에도 물류 이익 레벨다운될 전망 <br><br>▶️실적 피크 우려를 지울 밸류에이션 매력 <br>- 해상운임, 석탄 가격 급반등 없다면 3분기가 단기 실적 피크 구간 될 것 <br>- 해상운임 하락 관련 우려는 주가에 선반영됐다는 판단 <br>- 24년 예상 배당수익률 5.9%로 배당 매력 높음 <br><br>※ 원문 확인: <a href="http://bbs2.shinhaninvest.com/board/message/file.pdf.do?attachmentId=330104" target="_blank" class="ke-link">http://bbs2.shinhaninvest.com/board/message/file.pdf.do?attachmentId=330104</a></p>
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