April 19, 2024

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[THE INVESTOR] LG Innotek’s operating profit will rise in the second half, said KB Investment and Securities on June 20, maintaining a “buy” recommendation and raising the target price to 190,000 won (US$167.14) from 160,000 won.

With iPhone 8’s pending release, operating profit of the largest supplier of dual cameras for iPhone will reach 223.6 billion won in the second half, surging 62 percent on-year and more than double from the first half, estimated analyst Kim Dong-won. 

Sales of electronic auto parts will propel the strong revenue as well, noted the analyst forecasting that revenue from 3-D sensor modules and electronic parts this year will reach 300 billion won and 930 billion won, repectively, and by 2020 will surpass 2 trillion won. 

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