[THE INVESTOR] Seoul-based display maker
LG Display will likely see its operating profit jump 26 percent to 419 billion won (US$361.6 million) in the July-September period this year thanks to a price increase of liquid-crystal display, according to an investment report.
“The price of liquid-crystal displays will continue to be on an upward trend,” said Jeong Won-seok, an analyst from HI Investment & Securities, in his recent investment report, adding the operating income in the latter half would come in at 900 billion won.
LG Display CEO Sang-Beom Han
The analyst said Samsung Display’s plan to cease some of its assembly lines at its L7 manufacturing plant will likely ease a supply glut in the global LCD market, becoming a boon for the LG Group affiliate.
By Kim Young-won (
wone0102@heraldcorp.com)