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[Apha Biz=(Chicago) Reporter Paul Lee] KB Securities analyzed on the 7th that LG Innotek's operating profit in the fourth quarter of this year accounted for 60% of its annual operating profit, which is expected to achieve its highest-ever performance in the fourth quarter.
Investment opinion 'buy' and target stock price of KRW 390,000 were maintained.
"The disruptions in the supply chain of new components for strategic customers in the second half of the year will be resolved in the short term," KB Securities said. "LG Innotek's folded zoom camera module and actuator components, which will be installed in new smartphones in the second half of the year, are expected to improve selling price (P) and shipment (Q) at the same time."
"The fourth-quarter operating profit is estimated to be 600.2 billion won, up 253% year-on-year due to the internalization of the actuator, which has recently shown a clear improvement in production yields," KB Securities said. "It is expected to be the highest performance in a year since the third quarter of last year (444.8 billion won)."
"As of the closing price on the 4th, LG Innotek shares rose only 1% from the stock price at the end of last year and fell 18% over the past month due to concerns over the production yield of new parts, and it is believed that concerns have already been reflected in stock prices," he said. "The production yield of new smartphone parts has exceeded 90% as of early August, which is expected to start mass production after mid-August."
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
