LG Display earnings to improve from H2: report

[THE INVESTOR] Hana Financial Investment maintained its buy rating and price target of 31,000 won on LG Display based on expectations for improvement in the firm’s earnings in the second half of this year.

“The company is expected to see its operating profit surge to 600.4 billion won (US$519.3 million) to reflect a 942 percent increase from the first half,” said Lee won-sik, an analyst at Hana Financial. 

He estimated the displaymaker‘s annual operating income to reach 658 billion won to beat the market consensus of 477.1 billion.

This is based on projections that the company’s small, mid-sized panel division will improve as smartphone manufacturers launch new products in the upcoming third quarter, according to Hana Financial.

By Park Han-na (hnpark@heraldcorp.com)