LG Display Co Ltd (034220.KS) shares were down during the early domestic trade last Friday, the company’s performance was weighed and affected by increasing concerns regarding the company’s overall fourth-quarter recorded earning prospects.
LG Display Co., Ltd. (LG Display), initially incorporated in the year 1985. It generally manufactures thin-film transistor liquid crystal display (TFT-LCD) displays in a wide range of sizes and innovative specifications primarily for televisions, desktop monitors, and also notebook computers. It is a major supplier of high-definition television products. The TFT-LCDs the company manufacture is also used in other applications like mobile phones, tablet personal computers, added to industrial and other various applications. This includes entertainment systems, portable navigation devices, automotive devices, e-books, medical diagnostic equipment, and digital photo displays.
LG Display Co Ltd overall shares went down a bit more than 5% at a certain point during the morning trade and also recorded statistics during its last trading at 4.8% which is significantly lower around 0058 GMT.
Lee Min-hee, an analyst for IM Investment, commented on the current situation of LG Display Co Ltd stating that overall television sales recorded during China’s recent holiday season were considerably weak and during the peak of the season for sales of said devices has already passed, increasing concerns are affecting LG Display‘s overall performance especially concerns about the weakening demand for the company’s flagship product, particularly their TV panel lineup.
LG Display Co Ltd’s key and major client Apple Inc’s (AAPL.O) have recently launched their latest release of iPad models which also was able to receive mixed reviews from many different analysts. Most of these analysts are suggesting that the release of the new devices doesn’t guarantee or may not really lead to any large or major ramp-up when it comes to overall orders that would be supplied by LG Display Co Ltd particularly during the quarter involving the months of October to December.