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LG Display Co., Ltd. Message Board

  • I think Citi missed on this one.

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    • CitiBank down graded LPL today from buy to sell, and the target price down to 250000 Korea Yen from 420000 Yen.

      CitiBank noted eventhough LPL Q3's sales could be increses 17% compare Q2, but LPL will contiuning loss money on Q3 due to the high level inventory, and most importantly, Phlips want to sell its 32% potion shares of LPL before next June. CitiBank also noted "if LPL can not find a buyer like Sharp to takeover Phlips' portion; LPL will down further because LPL's valueation now is lower than AUO."(AUO stock price usually was 20% lower than LPL)


      For the CitiBank's opoinon, just look it as a bear comment. I remember about 10 months ago, Goldman downgraded AUO from buy to sell, and give a target price at $10(when Auo was traded at $14.50, after the downgraded, the stock touched $12.43 only two days, then rised to $17.50 after 45 days, and I saw Goldman bought Auo everyday on Taiwan market during this period of time).

      For the short term, LPL will continue going downside; if USA stock market will not crash due to the possible reccesion, this downtrend should be limited(say another 15%).

      Since LPL is the 8th largest stock in Korea, and LCD demand will increses around 50% both this year and next year, LPL's stock price rebound is just the problem of time being.

16.65-0.14(-0.83%)Sep 19 4:04 PMEDT

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