[Special Stock] LG Display Falls 4% on 1Q Operating Loss Forecast
LG Display is recording a decline of over 4% as the securities industry forecasts that it will post an operating loss exceeding 1 trillion won in the first quarter of this year.
As of 9:28 a.m. on the day, LG Display is trading at 15,610 won on the Korea Exchange, down 4.99% from the previous trading day.
![[Special Stock] LG Display Falls 4% on 1Q Operating Loss Forecast](http://www.asiae.co.kr/news/img_view.htm?img=2021030407555414194_1614812154.jpg)
On this day, the securities industry predicted that LG Display would continue to be in the red in the first quarter. The loss size is also expected to exceed the market's previous estimates, which is analyzed to be pulling down the stock price.
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Nam Dae-jong, a researcher at Ebest Investment & Securities, said, "LG Display's operating loss in the first quarter of this year is expected to be 1.2 trillion won, larger than the market's previous forecast of a 900 billion won loss," adding, "Despite the turnaround in LCD TV panel prices, the rapid decline in sales in the LCD TV sector due to business restructuring and the overall weak demand leading to a significant drop in sales are the main reasons."
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