OLED panels accounted for 42 percent of the global smartphone display panel market in 2021, up 10 percentage points compared to the previous year, according to a report released by market research firm Counterpoint Research on Feb. 6. The growth pace of OLED smartphone panels is expected to slow dow
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Maintain BUY; Lower TP by 15% to KRW830,000 We maintain BUY on Samsung SDI but lower our TP by 15% from KRW950,000 to KRW830,000. Derived using the DCF model, our TP is based on 9.00% WACC (9.96% COE, 1.76% after
The authors are analysts of Shinhan Investment Corp. They can be reached at chank@shinhan.com and hyungwou@shinhan.com, respectively. -- Ed. 4Q21 sales exceed consensus at KRW538.6bn (+48.4% YoY)LX Semicon posted sales of KRW538.6bn (+48.4% YoY), topping market expectations of KRW525.1bn on the back
The Ministry of Trade, Industry and Energy announced on Feb. 1 that South Korea’s exports totaled US$55.32 billion in January this year, up 15.2 percent from a year ago, and the figure is the first January figure in history that is over US$50 billion.Last month, South Korea’s semiconductor exports a
Samsung Display predicted that the mass production of quantum dot (QD) displays will partially decrease losses of its Large Display Business Unit.The company disclosed the performance of its Display Business Division in a conference call on Jan. 27. In the fourth quarter of 2021, the division’s sale
The authors are analysts of Shinhan Investment Corp. They can be reached at chank@shinhan.com and hyungwou@shinhan.com, respectively. -- Ed. 4Q21 sales exceed consensus at KRW8.8tr (+18.0% YoY)LG Display’s 4Q21 sales came in higher than expected at KRW8.8tr (+18.0% YoY), but operating profit slumped
LG Display announced on Jan. 26 that its operating profit in 2021 was estimated at 2.23 trillion based on consolidated financial statements. It turned a profit for the first time in three years, thanks to increased demand for OLED TVs.The company's sales hit an all-time high of 29.88 trillion wo
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain BUY, target price of KRW28,000 We maintain BUY and TP of KRW28,000 for LGD, as the company is likely to focus more on OLED while it scales back on LCD. That said, we forecast 2022 OP to decline 37% YoY
Samsung Electronics has been facing a lawsuit from a European patent troll. Less than two months have passed since being sued by a former Samsung patent executive, Korea’s largest company has become a target of a parent suit by a patent troll once again.Scramoge Technology, a non-practicing entity (
Samsung Electronics will unveil the Galaxy Tab S8 series, a premium tablet PC, in February.The Galaxy Tab S8 series is expected to come out in three models -- Basic, Plus and Ultra -- just like the Galaxy S smartphone series. This is the first time that Samsung Electronics has given model names to i
LG Display is expanding cooperation with its customers at home and abroad to create a transparent OLED ecosystem.The company supported the development of transparent OLED solutions in the mobility sector by cooperating with construction and heavy equipment companies and self-operation and navigation
The Korea Advanced Institute of Science and Technology (KAIST) and the Electronics and Telecommunications Research Institute (ETRI) announced on Jan. 19 that their research team has developed an innovative display material capable of enhancing the luminous efficiency of OLED and QLED display.The tea
The author is an analyst of Shinhan Investment Corp. He can be reached at yjjung86@shinhan.com. -- Ed. 4Q21 OP likely in line at KRW40.2bn (+161.7% YoY)EcoPro BM is expected to have recorded sales of KRW502.4bn (+103.1% YoY) and operating profit of KRW40.2bn (+161.7% YoY) in 4Q21. Sales likely excee
Samsung Display is reportedly considering advancing its withdrawal from the liquid crystal display (LCD) business from the planned end of 2022 to June 2022.Samsung Display is producing LCD panels for TVs at L8-2, a large LCD production line at the Asan Campus in South Chungcheong Province. It will m
Samsung Display unveiled two foldable OLED display panels and one foldable laptop prototype at CES 2022. The panels are Flex G foldable on both sides and Flex S foldable into an S shape. The prototype is Flex Note with an aspect ratio of 4:3 and a screen size of 13 to 17 inches.The first Consumer El
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Innox AMC’s earnings continue to grow thanks to brisk downstream demand and client/product diversification. Of particular importance is the fact that the company’s margins continue to improve desp
The top four South Korean business groups are focusing on mutual cooperation rather than competition. This trend is particularly conspicuous in the automotive industry with regard to future car development.When it comes to those such as electric vehicles, it is not easy for a single automaker to cov
Samsung Electronics is expected to introduce a foldable laptop soon, following the success of foldable smartphones.According to the World Intellectual Property Organization (WIPO) on Jan. 16, Samsung Electronics filed an application for a patent for “a multi-foldable electronic device” on Jan. 13.Th
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Apple’s new XR device is expected to launch as an ultra-high-performance IT device that combines the computing power of a high-performance PC, high-definition displays, and various sensing modules
The Ministry of Science and ICT announced on Jan. 12 that Korea's annual ICT exports hit an all-time high of US$227.62 billion last year, with the annual imports at US$135 billion.Last year, South Korea’s semiconductor exports hit an all-time high of US$128.7 billion and exceeded US$100 billion