April 20, 2024

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[THE INVESTOR] LG Innotek’s fourth-quarter earnings will hit a record high on the back of iPhone X supplies, said Daishin Securities on Sept. 14, maintaining a “buy” recommendation and 210,000 won (US$185.51) target price. 

The new smartphone’s delayed release date slightly dented the firm’s stock price on the previous day, but as Apple adds a new product to its lineup, LG Innotek’s supply of dual camera modules will boost its earnings, said analyst Park Gang-ho. 

Its fourth-quarter operating profit will be a record 179.9 billion won, estimated the analyst, adding that the parts maker also supplies 3-D sensing cameras and printed circuit boards for iPhone X. 

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