LG Display was strong in early trading on the 16th. As expectations for a second-half earnings recovery emerged in the brokerage sector, buying pressure gathered.
As of 9:04 a.m. that day, LG Display was trading at 13,010 won, up 960 won (7.97%) from the previous session.
In the brokerage sector, reports forecasting an earnings recovery for LG Display were released one after another that day. The outlook is that it will benefit as deliveries increase, outpacing overseas rivals in China and Japan as well as domestic competitors.
Researcher Jeong Won-seok of iM Securities said, "LG Display's third-quarter results this year are expected to clearly benefit from higher shipments of P-OLED (plastic organic light-emitting diode) for its key North American client," noting that "along with the launch effect of the key North American client's new smartphone, shipments have been delayed due to a competitor's initial quality issues, so a windfall is expected."
Researcher Kim Jong-bae of Hyundai Motor Securities also said, "In the second half of this year, we will achieve both sales growth and profitability improvement across the entire OLED lineup, realizing a large-scale turnaround," adding, "In particular, the P-OLED segment is expected to show standout growth thanks to lineup expansion."