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Strategies & Market Trends : LPL -- leader in World's TV Industry
LPL 5.025+3.9%3:59 PM EDT

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From: Cooters3/10/2021 12:41:56 PM
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DJ LG Display Could Post 1Q Earnings Beat on Demand, FX Tailwinds -- Market Talk

1:15 AM ET 3/9/21 | Dow Jones

LG Display may post above-consensus 1Q earnings amid brisk demand for flat screens for TVs and IT products, as well as the dollar's strength against the won, Hanwha Investment & Securities says. The brokerage raises its operating-profit forecast for the South Korean flat-screen maker by 28% for the quarter. Hanwha says prices of liquid-crystal-display panels continue to rise and lead the solid earnings growth, while a higher-than-expected USD/KRW is also helping boost income from sales overseas. Hanwha maintains a buy rating on the stock with a KRW31,000 target price. Shares are 0.9% higher at KRW22,300.
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