0207 GMT - LG Innotek may benefit from the likely demand for parts used in extended-reality "metaverse" devices and Apple's autonomous cars, says KB Securities. LG Innotek, a South Korea-based Apple supplier, is gaining from a strategic U.S. client's adoption of higher-end camera modules and other components, the brokerage adds. KB also expects LG Innotek to boost its earnings by expanding its customer base for its semiconductor circuit-board business. KB raises its net-profit forecast for LG Innotek by 19% for 2022 and by 14% for 2023. It lifts its target price by 17% to KRW350,000 and keeps its buy rating. Shares rise 0.5% to KRW289,500.(kwanwoo.jun@wsj.com)
LG Innotek May Benefit From Metaverse Devices, Apple Cars -- Market Talk
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