LG Innotek shares are also strong as results rebound on the back of expanded supply of high-value camera modules and communication semiconductor substrates.
LG Innotek stock traded at 245,000 won on the KOSPI market at 9:10 a.m. on the 31st. The share price rose 7.22% (16,500 won) from the previous day. It climbed to as high as 248,500 won, setting a 1-year high.
LG Innotek disclosed the previous day that it posted consolidated revenue of 5.3694 trillion won and operating profit of 203.7 billion won in the third quarter (July–September) of this year. Operating profit beat the market consensus by 12.7%.
Brokerages said LG Innotek's earnings are likely to draw an upward-sloping curve, considering that iPhones from key client Apple are selling well.
Hwang Ji-hyun, an analyst at NH Investment & Securities, said, "Strong third-quarter results confirmed share defense, and price competition also eased year over year."
She added, "Starting in 2026, a variable aperture will be built into the main cameras of the Pro and Pro Max models that LG Innotek primarily supplies, leading to product-leveling up," and "not only will share defense become easier, but the average selling price (ASP) is expected to rise."