[Infostock Daily= Reporter An Hoe Hyun] Daishin Securities predicted on the 13th that LG Innotek(011070)'s best performance in the first quarter of this year is estimated. The investment opinion maintained 'Buy' and raised the target stock price by 15% from 200,000 won to 230,000 won.
"The off-season phenomenon in the first half of 2021 has decreased and profit improvement is expanding at the same time," the company said, predicting good performance this year.
In the fourth quarter of last year, consolidated operating profit was 314.7 billion won and sales were 3.5791 trillion won, up 50.4% and 20.7%, respectively, from a year earlier.
This year's operating profit is estimated at 783.1 billion won, an increase of 33.9% year-on-year and an increase of 11.4% in sales.
"Optical solutions will continue to drive growth this year," the company explained, adding, "With the pursuit of high pixels of main cameras and the upgrade of functions, sales are expected to increase due to the stabilization of the average supply unit price."
Reporter An Hoe Hyun firstname.lastname@example.org