|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||6.10 - 6.19|
|52 Week Range||5.08 - 9.81|
|Beta (3Y Monthly)||0.59|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.45|
Moody's Investors Service says that LG Display Co., Ltd.'s (LGD) weak third quarter results do not have an immediate impact on LG Electronics Inc.'s (LGE) Baa3 issuer rating or the stable outlook on the rating. LGD is 37.9% owned by LGE.
South Korea's LG Display Co Ltd will chop its spending by 500 billion won ($427 million) and revamp its older LCD TV production lines after falling to a third-quarter loss, it said on Wednesday. Hurt by lower liquid crystal display (LCD) panel prices, the Apple Inc supplier has replaced long-time CEO Han Sang-beom and started a voluntary redundancy program as part of a cost-cutting drive. LG Display, which has posted three consecutive losing quarters, is going through "structural reforms at zero base", Chief Financial Officer Suh Dong-hee said on an earnings call.
SEOUL, South Korea, Sept. 25, 2019 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today that it will launch an OLED TV Tour to showcase how the cutting-edge OLED technology enhances the consumer TV-watching experience at select Best Buy stores. Starting today and lasting through February 2020, the grand tour is designed to help consumers experience the value of OLED up close, thereby bringing its cutting-edge OLED technologies to America's doorstep and further expanding the OLED TV market. "We are excited to introduce state-of-the-art OLED products to Best Buy consumers in their own neighborhoods to provide them with an in-depth OLED experience," said KJ Kim, Vice President and Head of Global OLED Promotion at LG Display.
South Korea's LG Display Co Ltd on Tuesday announced a voluntary redundancy programme for its domestic production line employees amid mounting financial losses. The company did not put a figure on how many of its around 23,000 South Korean production line workers it hoped would take up its offer. LG Display has been struggling with a global supply glut in liquid-crystal displays (LCDs) used in television sets, which has pushed down prices.
South Korea's LG Display Co Ltd on Monday said it has named LG Chem President Jeong Ho-young as its new chief executive officer. LG Display, a supplier to Apple , said in a statement that Chief Executive Han Sang-beom offered to step down over mounting losses. LG Display has been struggling with a global supply glut in liquid-crystal displays (LCDs) used in television sets, which has pushed down prices.
LG Display Co Ltd on Tuesday said it is looking to diversify its supplier base in case a diplomatic spat sees Japan extend export curbs on display-making materials bound for South Korea. Japan this month placed restrictions on the export to South Korea of three high-tech materials used particularly in making chips and displays, in a move widely attributed to a dispute about their shared wartime past. The restrictions - which essentially add paperwork and delays to the materials' export - have the potential to disrupt the global tech industry as Korea is home to some of the world's largest chipmakers and best-known consumer electronics brands.
A marketing scheme to delight color fanatics in New York City: Pantone is serving free color-themed lattes in a pop-up café over the weekend (July 12-14). Devotees who show up at the Café OLED in Soho can sip flavored coffees in Pink Peacock, Turmeric, Aspen Gold, and Pepper Stem—hues in the 57-year old color standards company’s summer trends forecast. The cafe will also offer pastries in the same color palette.
Moody's Investors Service has assigned a first-time Baa1 issuer rating to Guangzhou Development District Financial Holdings Group Co., Ltd. (GDDF). At the same time, Moody's has assigned a Baa1 senior unsecured rating to the proposed bonds to be issued by GET International Investment Holdings Limited and unconditionally and irrevocably guaranteed by GDDF.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of LG Electronics Inc. Hong Kong, May 17, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of LG Electronics Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.