[Featured Stock] "Earnings Improvement Expected" LG Display Up 5.02%

The stock price of LG Display, which is expected to improve its performance this year, is showing strong momentum. Sales from organic light-emitting diode (OLED) and order-based businesses are creating a stable business structure, and it is anticipated that the proportion of order-based business will expand through POLED (plastic OLED) shipments in the future.

As of 10:23 AM on the 24th, LG Display was trading at 11,510 KRW, up 550 KRW (5.02%) from the previous trading day.

Lee Eui-jin, a researcher at Heungkuk Securities, said on the day, "LG Display's sales for the second quarter of this year are expected to reach 6.5 trillion KRW, a 38% increase compared to the same period last year, and an operating loss of 350 billion KRW is anticipated," maintaining a buy rating and a target price of 13,000 KRW.

He added, "The first half of the year is a seasonal low period, but it is understood that the deficit was reduced through demand improvement and cost control," and analyzed, "In the second half of this year, with an increase in POLED shipments for major customers' mobile devices, a slight profit is expected in the third quarter, leading to a turnaround to profitability in the second half."