0211 GMT - LX Semicon is set to post an earnings improvement in 4Q, led by its supply of display driver integrated circuits for iPhones, Daiwa Capital analyst S.K. Kim says. Delayed customer approval limited the company's 3Q supply, Kim notes. He expects its operating profit to come in at 51.2 billion won in 4Q, up 49% from 3Q. New iPhone products could continue to drive better earnings for the company, but demand for television and other information-technology products may remain muted, he adds. Daiwa cuts the stock's target by 26% to 67,000 won, citing intense market competition and slow IT demand, but maintains an outperform rating. Shares are 2.4% higher at 59,700 won. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
November 12, 2024 21:11 ET (02:11 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。