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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘LG Display’s operating profit to top W1tr in Q1’

  • PUBLISHED :March 29, 2017 - 14:33
  • UPDATED :March 29, 2017 - 14:33
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[THE INVESTOR] LG Display will continue its upturn into the first quarter, and its operating profit will be cross the 1 trillion won (US$8.98 million) mark for the first time, said Dongbu Securities on March 29. 

The securities firm maintained a “buy” recommendation and 42,000-won target price. 




The average price of its panels has risen on the back of an increase of 46-inch display price, explained analyst Kwon Seong-ryeol.

The upturn will continue into the next two quarters, as demand is increasing faster than supply. There still is room for the price of larger products to rise, according to the analyst. The loss from OLED TV will keep shrinking as it heads to the second half, said Kwon estimating that the operating profit of the whole company in 2017 will reach 4.1 trillion won. 

Although some industry watchers are saying that its earnings will peak in the first quarter, the analyst pointed out that the recent sales and market conditions say otherwise. Its stock price is undervalued as well, added Kwon.

By Hwang You-mee (glamazon@heraldcorp.com)

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