KB Securities presented a price target of 12,000 won for LG Display. This is based on the assessment that an operating profit surplus is expected for the first time in 4 years since 2021. The investment opinion remains "buy."
On the 23rd, KB Securities projected that LG Display would turn to surplus this year for the first time in 4 years since the operating profit of 2.2 trillion won in 2021. An estimated operating profit of 302.8 billion won was suggested.
Kim Dong-won, a researcher at KB Securities, said, "The increase in shipment of small and medium-sized organic light-emitting diode (OLED) panels is expected to lead to a surplus in the second half of this year due to increased operating rates."
LG Display noted that in the previous day's announcement of last year's fourth-quarter results, it had reduced its operating loss by about 2 trillion won over the course of a year by enhancing its business structure centered on OLED.
Kim said, "The potential decrease in demand for large OLED panels due to prolonged sluggish global TV demand and the increased volatility of the won-dollar exchange rate are expected to act as burden factors."