[EQUITIES] ‘LG Innotek faces more challenges next year’
Dec 24, 2018
[THE INVESTOR] LG Innotek will have to deal with an adverse environment next year, said KTB Investment and Securities on Dec. 24 lowering the target price to 120,000 won (US$106.51) from 180,000 won. Its revenue in the fourth quarter will decline 8.6 percent on-year to 2.62 trillion won and operating profit by 1.6 percent to 135.9 billion won. Its major client Apple suffered not only from slow...