April 27, 2024

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[THE INVESTOR] LG Display may post an operating loss for the first time in six years, said Eugene Investment and Securities on March 29, maintaining a “hold” recommendation and lowering the target price to 30,000 won (US$28.12) from 36,000 won.

Its revenue in the first quarter will decline 17.6 percent on-year to 5.8 trillion won and operating profit by 18.4 percent to 100 billion won, estimated analyst Lee Seung-woo.

Demand for LCD TV panels is slowing down and the firm will be bogged down by stiff competition from Chinese rivals. As for OLED TV panels, it has not been able to meet the growing demand, and expanding capacity will be burdensome, noted Lee.

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