[Featured Stock] LG Display Rises 5% on Expectations of Profit Turnaround Next Year

LG Display is rising nearly 5% during trading hours. It is analyzed that investor sentiment has surged due to growing expectations of a turnaround to profitability next year.

At 9:32 a.m. on the 17th, LG Display was trading at 15,890 KRW, up 4.54% from the previous trading day. The stock price soared to 16,100 KRW during the session. This is based on the expectation of improved performance due to the expansion of large OLED panel supply.

On the same day, KB Securities predicted that LG Display's performance could significantly improve if it supplies large organic light-emitting diode (OLED) panels to Samsung Electronics. Recently, major foreign media outlets reported that LG Display will supply OLED panels to Samsung Electronics starting from the second quarter. It is expected to supply 2 million units next year and then increase shipments to 3 million and 5 million units thereafter.

Dongwon Kim, a researcher at KB Securities, explained, “Assuming LG Display supplies 2 million panels next year, the global OLED TV shipment volume is expected to increase by 38% year-on-year to 1 million units next year,” adding, “Since the initial supply is estimated to be 77-inch and 83-inch white OLED TVs, the operating rate of large OLED production lines is expected to rise in the future.”

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