April 24, 2024

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[THE INVESTOR] LG Innotek’s earnings will continue to improve in the first quarter, said eBEST Investment and Securities on Feb. 23, raising the target price to 140,000 won (US$122.81) from 120,000 won. 

Despite being the low season for information and technology parts, the company will post strong earnings in the period and the circuit board material and application component divisions will turn to black from the previous quarter, and the overall profitability will improve, forecast analyst Eo Gyu-jin.

Loss from LEDs will shrink as well, and the sales of camera modules will propel the earnings into a more definite upturn, said the analyst estimating that its revenue in 2017 will hike 25.8 percent to 7.24 trillion won and operating profit 261 percent to 378.5 billion won. 

By Hwang You-mee (glamazon@heraldcorp.com)