External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We lift our target price for LG Innotek to W320,000 (from W300,000), as we revised up our 2026 operating profit forecast (+30% for substrates) and reduced the discount applied to the substrate unit’s target multiple (from 30% to 20%).</li><li>As global competitors increasingly orient their product portfolios around AI, the company is gaining share in the RF-SiP market.</li><li>At the same time, in memory substrates, the company is seeing continued steep demand growth as it begins supplying substrates to big tech companies for GDDR7 applications. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We lift our target price for LG Innotek to W320,000 (from W300,000), as we revised up our 2026 operating profit forecast (+30% for substrates) and reduced the discount applied to the substrate unit’s target multiple (from 30% to 20%).As global competitors increasingly orient their product portfolios around AI, the company is gaining share in the RF-SiP market.At the same time, in memory substrates, the company is seeing continued steep demand growth as it begins supplying substrates to big tech companies for GDDR7 applications. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

LG Innotek (011070 KS/Buy)Raise TP on Stronger Substrate Earnings Outlook

Lg Innotek

LG Innotek (011070 KS/Buy)Raise TP on Stronger Substrate Earnings Outlook