[THE INVESTOR] LG Innotek
’s earnings in the fourth quarter will hit a record high, said KB Investment and Securities on Nov. 17, maintaining a “buy” recommendation and 220,000 won (US$200.55) target price.
The firm’s operating profit will jump 28.7 percent on-year to record 151.6 billion won and the upward trend will continue for six months, said analyst Kim Dong-won.
For the coming three years, parts for iPhone and electronic vehicles will propel its earnings, forecast the analyst. According to Bloomberg’s report two more iPhone models as well as iPad will be equipped with 3D sensors, and its supplier LG Innotek’s 3D sector will flourish for two to three years, added Kim.
By Hwang You-mee (email@example.com