0603 GMT - LG Innotek's earnings could turn weaker next year amid supply-chain disruptions but they should still remain in good shape, says Kiwoom Securities. The South Korean supplier of smartphone camera modules stands to gain from a wider customer base due to bigger demand for built-in cameras used in various extended-reality "metaverse" devices and autonomous vehicles, the brokerage says. It expects LG Innotek to post an operating profit of KRW1.206 trillion in 2022, versus an estimated KRW1.270 trillion in 2021. It downgrades its rating on the stock to outperform from buy but raises its target price by 14% to KRW330,000. Shares rise 1.4% to KRW289,000. (kwanwoo.jun@wsj.com)
LG Innotek's 2021 Earnings Could Turn Weaker -- Market Talk
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