0539 GMT - LG Innotek's 2022 earnings will likely get a boost from its supply of upgraded and pricier camera modules to smartphone makers, Yuanta Securities Korea says. The brokerage expects the Apple supplier to produce higher-resolution camera modules, particularly for U.S. clients to make mobile handsets capable of producing 48-megapixel images. Upgraded camera modules will likely help boost LG Innotek's earnings despite their possibly soft shipment growth, Yuanta adds. It raises the stock's target price by 19% to KRW380,000 and keeps a buy rating. Shares rise 5.2% to KRW292,500. (kwanwoo.jun@wsj.com)
LG Innotek Earnings Set to Get Boost From Upgraded, Pricier Camera Modules -- Market Talk
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