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THE INVESTOR
July 16, 2020
Big Reunion

Stocks & Bonds

[EQUITIES] ‘LG Innotek to gain from additional investments’

  • PUBLISHED :February 18, 2019 - 11:47
  • UPDATED :February 18, 2019 - 11:47
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LG Innotek’s additional investments in optical solutions sector will result in earnings improvement, said Kiwoom Securities on Feb. 18 maintaining a “buy” recommendation and 150,000 won (US$133.43) target price. 




Over the past two years, it has invested 1 trillion won in the department and announced that it will spend 282.1 billion won this year. This time it will boost its triple camera supplies, showing its will to advance its business focusing on triple, not dual cameras. As the price of camera modules rises this year, revenue from triple cameras will account for close to half of optical solution sector’s revenue. Its revenue will further increase as new models of iPhone will be equipped with 3D sensing modules, said analyst Kim Ji-san.

While iPhone sales decline, new models will lean on improved camera functions, and among vendors of the device, LG Innotek’s earnings will leap the most, said the analyst. 

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

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