HSBC says LG Electronics’ pivot to a B2B mix—auto parts, AI data centers and robotics—appears to be accelerating and should sustain strong earnings momentum. Tariff refunds and recovering TV and home-appliance margins drove a record preliminary Q2. HSBC expects Q3 operating profit of KRW 1.1 trillion, raised EPS forecasts by 6% for 2026, 9% for 2027 and 14% for 2028, and lifted its target price 56% to KRW 280,000 while maintaining a Buy rating. Shares last traded at KRW 177,800.