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THE INVESTOR] LG Display is riding on the rising curve of panel prices and its performance in the third quarter will improve significantly, according to Daishin Securities on Oct. 10.
The securities firm maintained a “market perform” recommendation and target price of 35,000 won (US$31.44).
“The firm will record an operating profit of 312.4 billion won in the third quarter, a sharp rise from the previous quarter’s 44.3 billion won,” said Kim Kyeong-min, an analyst at Daishin Securities.
As the price of panels has been rising since September, the display manufacturer will continue to show better results, he said, “and its sales and revenue in the fourth quarter is expected to reach 6.9 trillion won and 485.7 billion won, respectively.”
By Hwang You-mee (
glamazon@heraldcorp.com)
