The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain BUY but revise down TP to KRW110,000 We maintain BUY on LG Electronics (LGE), but revise down target price from KRW120,000 to KRW110,000. We have revised down 2023E earnings by 14.6% considering decrea
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain HOLD but revise down TP to KRW16,000 We maintain HOLD but cut our 12m TP to KRW16,000 (0.5x 12m fwd P/B) for LG Display. We have made significant downward revisions to 2022E-2023E earnings to reflect s
Samsung Display is expected to ramp up its production of quantum dot (QD)-organic light emitting diode (OLED) display panels from 30,000 sheets per month now to 40,000 sheets next year."The company's production yield of QD-OLED display panels increased to 85% in the first half of this year, show
The Korean display industry drove Korea’s exports, making Korea a display powerhouse in the world one exporter just 10 years ago. But it has been put into a position to completely lose its power as Korea’s national strategic industry due to a price war initiated by Chinese display makers and a compl
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain BUY, target price of KRW75,000 Despite SEC’s 3Q22P earnings shortcomings, we maintain BUY and 12m TP of KRW75,000. We expect standout profit margins on business diversification (i.e., DP, foundry) and
LG Electronics announced on Oct. 6 that it has recently launched webOS Hub, an upgraded version of the webOS platform which is provided to external TV companies.The company expanded popular content such as cloud games and over-the-top (OTT) services, improved ease of use, and introduced the industry
Samsung Electronics showcased a series of cutting-edge semiconductor solutions at Samsung Tech Day 2022 held at Silicon Valley on Oct. 5 (local time).The company announced plans to start mass production of 5th-generation 10nm-class (1b) DRAM from next year and 9th-generation NAND flash from 2024, re
Even Korea’s six main industries that buttress the national economy are shaking from their foundations due to a rise in the exchange rate, high interest rates and soaring raw material prices.Many experts are concerned that Korean companies in the so-called six core sectors -- semiconductors, electri
LG Display participated in Innotrans 2022, the world’s largest railway technology fair which is held in Berlin, Germany, from Sept. 20-23. During the fair, the Korean display giant showcases transparent OLED solutions for railways, which provide new boarding experiences for customers.Innotrans is an
The author is an analyst of Shinhan Investment Corp. He can be reached at chank@shinhan.com. -- Ed. New investments to continue despite weak IT demandA slowdown in the global economy has weighed heavily on the overall demand for tech products. The recent downgrade of demand forecasts is seen somewha
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. In OLEDoS displays, which will be mainly used in XR devices, it is expected that the encapsulation process of the dam & fill method using epoxy will dominate rather than the encapsulant using the
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain HOLD, target price of KRW17,000 We maintain HOLD and TP of KRW17,000 (12m fwd BVPS x 0.50x P/B) on LGD. Our outlook remains neutral, as (1) demand for large-size panels (i.e., PC, TV), which comprise 7
Samsung Electronics and LG Electronics are facing an increasing challenge from Chinese companies in the shrinking global TV market. The South Korean companies are aiming to overwhelm them again by further developing their technologies.In the first half of this year, the global TV market shipments de
China is increasingly attempting to steal South Korean technologies in the sectors including EV battery, semiconductor and display.In the OLED display industry, Chinese companies used to contact individual engineers via headhunters, but now they are posting job offers at well-known recruitment websi
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain BUY, target price of KRW75,000 We maintain BUY and 12m TP of KRW75,000 on SEC. We see 2H22 OP coming in at KRW23.2tn (-18% HoH, -22% YoY) and missing the market consensus by 10%, as all divisions excl.
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. As demand rises from set manufacturers for high-resolution OLEDoS panels (which are to feature in Apple’s XR devices), domestic and Greater China display makers are expected to begin full-fledged
LG Display will introduce its full lineup of OLED TV panels loaded with EX technology at IFA 2022, which will kick off in Berlin, Germany on Sept. 2.The company will set up an exhibition booth at Messe Berlin, the venue of IFA 2022, to showcase its advanced OLED TV technology, including a 97-inch sc
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Apple’s upcoming XR device is expected to start mass production around Nov 2022 and see release in 1Q23. Meta’s new XR device is likely to launch in Oct 2022. We expect the related market to grow
OLED TVs are growing fast in the premium TV market in Europe -- so much so that gfu of Germany said in a recent report that OLED TVs are the winner of the German TV market. Founded in 1973 as the Society for the Promotion of Consumer Electronics in Germany, gfu is the organizer behind the IFA, Europ
Demand for automotive OLED panels is growing, helping LG Display offset the drop in demand for both large LCD and OLED TV panels. The imbalance between supply and demand for automotive semiconductors began to gradually ease from the second half of 2022, revitalizing the downstream industry. Global s