|Bid||6.06 x 1200|
|Ask||6.12 x 2900|
|Day's Range||6.07 - 6.18|
|52 Week Range||5.08 - 9.81|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.50|
LG Display is seeking to cut jobs as the world’s second-largest flat panel maker struggles to compete with lower-cost Chinese rivals and to turn a profit from its huge investments in organic light-emitting diode technology. The South Korean company, a major supplier to Apple, on Tuesday unveiled a voluntary redundancy programme for domestic production workers.
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.
LG Display Co Ltd on Wednesday said OLED R&D costs and stalled smartphone growth will likely translate into a weak 2019, after the Apple Inc supplier booked a first-quarter operating loss that was wider than analyst estimates. The South Korean manufacturer may underperform market expectations as it invests heavily in organic light-emitting diode (OLED) panels at a time of weak demand for smartphones and tech gadgets in general, its chief financial officer said. "This year will require patience," Suh Dong-hee said on a call briefing analysts and journalists on its financial results.
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