|Over a month ago|
LG Display downgraded to Outperform at CLSA on low panel demand visibility » 11:2004/2304/23/20
As previously reported,…
As previously reported, CLSA analyst Sanjeev Rana downgraded LG Display to Outperform from Buy as a lack of visibility on demand and catalysts means upside will be capped. The analyst notes that due to COVID-19 and the postponing of several major sporting events, the TV sales outlook has deteriorated and demand for smartphones is also "taking a beating." Rana is also cutting his 2020 OLED TV panel shipment estimate for LG Display by 24% to 4.5M and POLED shipments by 20% to 21M. COVID-19 has delayed the start of its new OLED TV plant in Guangzhou and its LCD panel ASP, after a three-month upturn, resumed its decline in April, he adds.
LG Display downgraded to Outperform from Buy at CLSA » 11:1404/2304/23/20
CLSA analyst Sanjeev Rana…
CLSA analyst Sanjeev Rana downgraded LG Display to Outperform from Buy.
|Over a quarter ago|
LG Display upgraded to Buy from Outperform at CLSA » 08:5103/1003/10/20
CLSA analyst Sanjeev Rana…
CLSA analyst Sanjeev Rana upgraded LG Display to Buy from Outperform with an KRW 18,300 price target. The shares have fallen 20% over the past month on worries about TV demand and a delay in the ramp-up of its new WOLED factory in China, but his checks show that TV vendors are still building inventory and the WOLED panel fab in China will be operational by the end of this month, the analyst tells investors.
LG Display upgraded to Overweight from Equal Weight at Morgan Stanley » 20:1712/0812/08/19
Morgan Stanley analyst…
Morgan Stanley analyst Shawn Kim upgraded LG Display to Overweight from Equal Weight with a KRW 19,000 price target.
LG Display plans voluntary redundancy program, Reuters reports » 06:2609/1709/17/19
LG Display (LPL) plans to…
LG Display (LPL) plans to launch a voluntary redundancy program for its production line employees after mounting financial losses, Reuters' Ju-min Park reports. LG Display, a display screen supplier to Apple (AAPL), is undertaking the redundancies as part of a emergency management system to address falling earnings and lower panel price because of an oversupply of Chinese panels, according to the report. Reference Link
LG Display looks to diversify supplier base, Reuters reports » 06:1007/2307/23/19
LG Display is looking to…
LG Display is looking to diversify its supplier base as it prepares for expanded trading curbs from Japan on some display-making materials which threaten to impact the broader tech industry, Reuters' Heekyong Yang and Ju-min Park report. "There are, so far, no concerns significantly affecting the company, but we are making preparations, ensuring uninterrupted sourcing for the short term, and diversifying sourcing channels over the medium term," CFO Suh Dong-hee says. Reference Link
LG Display to invest KRW3T to build large OLED panel plant, Bloomberg says 18:5107/2207/22/19