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Musing-Weekly Newsletter

LG Display Expects Sharp Increase in 1st Quarter Profits Due to Panel Price Increases and OLED Cost Reductions
March 27, 2017
 

Eugene Investment & Securities said on March 20 that the first-quarter financial results for LG Display will far exceed the market consensus due to the strong panel prices and the improvement in OLED cost structure. The stock's quarterly sales estimated by Eugene was 7,192.8 billion won, down 9.4 percent from the same period last year but its operating profit was 1,045.5 billion won, up 15.6 percent year on year. Lee Jeong, analyst with Eugene Investment, said, "The first-quarter sales revenue for LG Display tend to fall due to slow seasonal demand and the depreciation of the won. But its operating profit will likely rise thanks to the rise in display panels for TVs and computers while the increase in premium panel sales."

The current stock price of LG Display has been down by 1.4 percent and 9.4 percent, respectively, from a month and three months ago. Lee of Eugene Investment added, "The decline in its stock price was largely due to worries over whether the panel prices have peaked and the rising burden to investment more in flexible OLED production lines." Still, the analyst recommended that investors approach the stock from a long-term perspective. He continued, "The current LG Display stock price has already factored in the negative views, which makes the stock highly attractive. Given the flexible capacities of the display panel suppliers and the trend toward larger LCD TV screens, the rising price trend would be stronger and longer than expected."
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