[Alpha Biz=(Chicago) Reporter Paul Lee] BNK Investment & Securities analyzed on the 29th that LG Innotek's fixed cost will increase this year, while sales growth is uncertain. It maintained its investment opinion 'buy' and lowered its target stock price from 330,000 won to 290,000 won.
"The sales of optical solutions, the main business, will be 3.7 trillion won due to the impact of the off-season in the first quarter of this year," said BNK Investment & Securities. "Due to sluggish sales of iPhone 15 and weak IT demand, sales of substrate materials will be 320 billion won and electronics and electronic components will be 490 billion won."
"The new plant will be in operation from the second quarter of this year, and due to the facility investment of 1.8 trillion won last year, LG Innotek's depreciation costs are expected to increase to 1.36 trillion won from 1.5 trillion won last year," said BNK Investment & Securities. "In the case of camera modules for North American customers, there is no clear momentum yet."
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