[Featured Stock] LG Innotek Rises 1.8% on Expectations of New iPhone Effect

LG Innotek is showing strength as expectations rise for improved performance driven by the new iPhone effect in the second half of this year.

As of 9:40 AM on the 2nd, LG Innotek was trading at 309,500 KRW, up 1.81% from the previous trading day.

Kim Ji-san, a researcher at Kiwoom Securities, stated in a report, "With the second quarter as the bottom, the second half will be the time for the new iPhone and optical solutions," forecasting LG Innotek's operating profit for the third and fourth quarters to be 347.2 billion KRW and 491.2 billion KRW, respectively.

Additionally, the target price for LG Innotek was raised from 360,000 KRW to 380,000 KRW.