LX Semicon Set for Improved Earnings in 4Q -- Market Talk

Dow Jones11-13

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)

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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. 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Kim says. Delayed customer approval ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LX","symbol_name":"乐信","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483018896","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483018896","pubTimestamp":1731463860,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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