[Featured Stock] LG Display Rises on H2 Earnings Improvement Outlook

LG Display's stock price is on the rise. It appears that securities firms' analysis predicting improved performance in the second half of the year is influencing the stock price.

As of 9:29 AM on the 5th, LG Display is trading at 10,850 KRW, up 5.85% from the previous day.

Hyundai Motor Securities forecasted that LG Display will see a significant turnaround to profitability in the fourth quarter, with increased panel shipments across all applications including mobile, IT organic light-emitting diode (OLED), and TV.

Researcher Kim Jong-bae of Hyundai Motor Securities stated, "The first half was better than expected, and a turnaround is anticipated in the second half. Considering the substantial profit improvement due to the end of depreciation expenses next year and the downsizing of the liquid crystal display (LCD) business, the company is currently fully realizing qualitative growth through the planned business structure advancement." He added, "The recent stock price adjustment is an active buying opportunity."