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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘LG Display to outperform in Q2’

  • PUBLISHED :June 27, 2017 - 16:35
  • UPDATED :June 27, 2017 - 16:35
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[THE INVESTOR] LG Display will beat market expectations in the second quarter, said IBK Securities on June 27, maintaining a “buy” recommendation and raising the target price to 50,000 won (US$43.94) from 40,000 won.




Its revenue and operating profit will come in at 6.79 trillion won and 874 billion won, respectively. Although the figures are down 3.8 percent and 14.8 percent on-year, respectively, they will be higher than expected as panel prices remains higher than estimated, said analyst Kim Un-ho.

The company’s operating profit for the whole year will surge 153.7 percent to 3.35 trillion won, the largest since 2011, and it will secure long-term growth momentum. The LCD industry remains upbeat, and losses from AMOLED will shrink, said the analyst. 

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

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