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View of LG Innotek factory. (Photo=LG Innotek) |
[Alpha Biz= Reporter Kim Minyoung] Daishin Securities analyzed on the 15th that LG Innotek will outperform market estimates in the first quarter of this year. Investment opinion 'buy' and target stock price remained at KRW 310,000.
"LG Innotek's expected operating profit in the first quarter of this year will rise 18.1% year-on-year to KRW 171.7 billion, exceeding the estimated KRW 132.2 billion," Daishin Securities said. "The valuation (level of stock price compared to performance) is attractive and we will maintain our strategy to expand the ratio focused on the second half of the year."
"Although Apple's iPhone 15 is sluggish in China, the operating profit ratio of optical solutions has been raised due to mix effects and rising exchange rates," Daishin Securities said. "As Promax sales among the iPhone 15 are estimated to have increased by 4% points year-on-year to 35%, LG Innotek's high-pixel camera and OIS (image stabilization) sales will exceed estimates."
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
