[Featured Stock] LG Innotek Rises for Fourth Day Amid Earnings Expectations

[Asia Economy Reporter Song Hwajeong] LG Innotek has been on an upward trend for four consecutive days.

As of 9:16 AM on the 15th, LG Innotek was trading at 225,000 KRW, up 6,000 KRW (2.74%) from the previous day.

This strong performance is interpreted as being due to expectations for earnings. Hana Financial Investment estimated LG Innotek's first half of this year’s results to show sales of 5.3221 trillion KRW, a 53% increase compared to the same period last year, and operating profit of 478.7 billion KRW, a 108% increase. Both sales and operating profit represent record highs for the first half of the year. Based on this, they forecast annual sales of 11.8945 trillion KRW and operating profit of 1.0293 trillion KRW, achieving the highest performance ever. Kim Rokho, a researcher at Hana Financial Investment, said, "While the strong sales of our client’s smartphones have an impact, ultimately LG Innotek’s role within that is continuously expanding, leading to growth in earnings. Although the supply structure of camera modules will change from the second half of this year, LG Innotek’s position and competitiveness in handling the highest specifications will remain unchanged."