April 26, 2024
Stocks & Bonds
[EQUITIES] ‘LG Innotek’s outlook bright’
[THE INVESTOR] LG Innotek will continue to rally, said NH Investment and Securities on June 27, maintaining a “buy” recommendation and raising the target price to 210,000 won (US$184.70) from 170,000 won.
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It will maintain its high market share for dual camera modules and 3-D sensing modules in North America in the second half, and earnings from electronic car parts is highly likely to grow, said analyst Go Jeong-woo.
There is anticipation for its RF-print circuit boards for North American smartphone manufacturers, and after hitting the lowest point in the second quarter, its earnings will take a sharp upturn in the latter half, said the analyst. “Its stock price very likely will hit a high in the second half,” said Go.
By Hwang You-mee (glamazon@heraldcorp.com)
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