[Featured Stock] LG Innotek, Strong Performance Expected in Second Half, Up 7%
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[Asia Economy Reporter Minji Lee] LG Innotek is showing a surge of over 7% during trading hours. This reflects expectations that its performance will remain solid in the second half of the year.
On the 5th, LG Innotek's stock price was at 351,000 KRW, up 7% compared to the previous trading day. The company's stock price even soared to 355,500 KRW during the session, showing a sharp rise.
The stock price increase is based on the judgment that strong performance will continue in the second half following record-breaking results in the first half. Although iPhone sales are expected to decline due to weak set demand, it is assumed that the quantity will decrease compared to last year, so profitability is not expected to decline.
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Kim Rok-ho, a researcher at Hana Securities, said, "The key to second-half performance is the price increase of camera modules due to the upgrade to 48 million pixels," adding, "Despite the decrease in volume, the price increase of camera modules will enhance earnings visibility."
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