[Featured Stock] LG Display Rises on Earnings Expectations

[Asia Economy Reporter Lee Seon-ae] On the 29th, LG Display's stock price showed strong performance in the early trading session. This is interpreted as being driven by expectations for the fourth quarter earnings.

As of 9:43 AM on the day, LG Display's stock price was trading at 23,900 KRW, up 3.91% compared to the previous day. The price jumped from the opening price of 23,250 KRW to 24,300 KRW.

The rise in LG Display's stock price is attributed to securities firms' forecasts that the fourth quarter earnings will increase compared to the third quarter.

IBK Securities predicted on the previous day that LG Display's fourth quarter earnings would be 8.318 trillion KRW in sales and 601 billion KRW in operating profit, representing increases of 15.2% and 13.4% respectively compared to the third quarter.

Kim Un-ho, a researcher at IBK Securities, explained, "Despite the decline in LCD prices, operating profit in the fourth quarter is expected to increase compared to the third quarter," adding, "Even considering the decrease in operating profit due to the decline in LCD panel prices, operating profit next year is expected to exceed 1.4 trillion KRW, so the current stock price is judged to be undervalued." He continued, "With the increase in P OLED shipment volume, operating profit growth is expected next year," and added, "Large OLED is expected to return to profitability in the fourth quarter, and annual operating profit profitability is anticipated next year."

Meanwhile, KB Securities (25,000 KRW → 28,000 KRW) and Shinhan Financial Investment (24,000 KRW → 30,000 KRW) have also raised their target prices for LG Display this month.

This content was produced with the assistance of AI translation services.