|Bid||4.9000 x 900|
|Ask||4.9100 x 1300|
|Day's Range||4.8500 - 4.9500|
|52 Week Range||3.6400 - 7.8200|
|Beta (5Y Monthly)||0.66|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 28, 2017|
|1y Target Est||3.25|
LG Display's (NYSE: LPL) stock plunged nearly 70% over the past five years as the display panel maker struggled with intense competition from rivals like Samsung and China's BOE. Cooling demand for smartphones and TVs exacerbated the pain and wiped out its profits, and the COVID-19 pandemic disrupted its supply chains across China.
Apple Inc supplier LG Display Co Ltd warned of a sharp contraction in demand for TVs and smartphones as a result of the new coronavirus outbreak in the current quarter, after widening its first-quarter losses. The South Korean panel maker posted its fifth straight quarter of operating losses, as the coronavirus pandemic added to the problems of the industry already grappling with demand falls and a supply glut. LG Display posted an operating loss of 362 billion won ($294.70 million), better than Refinitiv SmartEstimate's 390 billion won loss, but nearly triple the operating loss of 132 billion won a year earlier.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of LG Electronics Inc. Hong Kong, April 02, 2020 -- 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.
For one South Korean multinational company that makes smartphone components used by Apple Inc and LG Electronics Inc <066570.KS>, the coronavirus epidemic is dealing blow after blow. First, the initial outbreak forced its China factory to shut down for almost three weeks and caused supplies from China for its Vietnam plant to begin to dry up. Then when the virus spread to South Korea, travel restrictions prevented its workers from keeping an expansion at the plant, located in the port city of Hai Phong, on track.
Apple supplier LG Display Co Ltd posted a smaller-than-expected quarterly loss on Friday and offered an optimistic outlook for the year on higher demand for its organic light-emitting diode (OLED) panels, sending its shares up 4%. The forecast comes after a rough year for the South Korean company that saw a prolonged decline in liquid crystal display (LCD) panel prices, a management shake-up, and costs from restructuring and strategy changes. The company has said it will halt domestic production of LCD TV panels by the end of the year and is now investing heavily in OLED displays that are generally thinner and allow more flexibility in device design than LCDs.
The suspension of domestic LCD TV production comes after the company last year chopped its spending, replaced its long-time CEO and started a voluntary redundancy program. "We will be wrapping up our LCD TV production in South Korea by end of this year and focusing on our LCD TV production in China," CEO Jeong Ho-young said at the annual CES trade show in Las Vegas. In October, the South Korean Apple <AAPL.O> supplier said it planned to "downsize" two of its LCD TV panel production lines in South Korea and was looking into various options.
Further OPEC Production Cuts On the Way? OPEC is meeting in Vienna today and on the docket is more production cuts. There is higher uncertainty than usual regarding whether OPEC members are all on the same page regarding production cuts, or whether any of them will break away from Saudi Arabia’s de facto leadership of […]The post Market Morning: More OPEC Cuts, GM LG Battery Team-Up, Germany Sputters, Repo Confusion appeared first on Market Exclusive.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]
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.
Samsung Display plans to spend 13 trillion won ($11 billion) to upgrade a South Korean liquid crystal display (LCD) plant so it can manufacture more advanced screens, Yonhap news agency reported on Tuesday. Samsung Display, a unit of Samsung Electronics Co Ltd and an Apple Inc supplier, will announce the investment next month, Yonhap said, citing unidentified industry sources. A spokeswoman for Samsung Display, which operates two LCD production sites in South Korea and one in China, said nothing had been decided on its future investment plans.
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.
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.
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. The Apple supplier said Chief Executive Han Sang-beom will step down, LG Display said in a statement. The display maker said in a statement it held an emergency board meeting to accept Han's resignation and appointed Jeong, currently chief operations officer and chief finance officer at LG Chem.
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.