April 18, 2024

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[THE INVESTOR] LG Display’s operating profit in the third quarter will rise significantly, said DB Financial Investment on Sept. 5, maintaining a “buy” recommendation and 28,000 won (US$ target price. 

Television panel prices are rising higher than expected, pushing the average sale price in the period, and its LCD panels division will be able to make profits. It will post 133.6 billion won operating profit instead of the 49 billion won operating loss estimated earlier, said analyst Kwon Seong-ryul.

OLED panels for TVs will turn around slightly as expected, having turned to black last month boosted by increasing shipments and rise of average prices. In line with growing demand, it is operating at full capacity while both clients and shipments are growing in plastic OLED for mobile products, shrinking the operating loss, he added.

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