April 27, 2024

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[THE INVESTOR] LG Display’s stock price fell excessively but will rebound, said Daishin Securities on July 21, maintaining a “buy” recommendation and 41,000 won (US$36.60) target price. 

It fell 8.2 percent following reports of a 6 percent drop in LCD TV panels, but according to another analysis the price fall was only 0.9 percent, pointed out analysts Kim Gyeong-min and Yoo Hyeon-jae. 

IHS must have put heavier emphasis on the slowing TV sales of Samsung Electronics, noted the analysts adding that considering that the price drop was an offshoot of concerns over Samsung’s TV business, its stocks will recover. 

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