LG Display to benefit from Samsung Display’s shutdown of LCD lines

 [THE INVESTOR] Seoul-based display maker LG Display will likely see its operating profit jump 26 percent to 419 billion won (US$361.6 million) in the July-September period this year thanks to a price increase of liquid-crystal display, according to an investment report.

“The price of liquid-crystal displays will continue to be on an upward trend,” said Jeong Won-seok, an analyst from HI Investment & Securities, in his recent investment report, adding the operating income in the latter half would come in at 900 billion won.

The analyst said Samsung Display’s plan to cease some of its assembly lines at its L7 manufacturing plant will likely ease a supply glut in the global LCD market, becoming a boon for the LG Group affiliate.

By Kim Young-won (wone0102@heraldcorp.com)