Increasing demand for IT panels and OLED utilization growth should improve LG Display’s earnings through the second half of 2020.
The estimated second-quarter sales of LGD are at 4.97 trillion won, up 5 percent on-quarter with operating losses at 0.34 trillion won.
Shipments of IT panel portion of large-sized LCD and are expected to increase from 68 percent in 1Q to 73 percent in 2Q.
The company is expecting a robust demand for laptops, tablets, and monitor that will boost its IT panel production.
Furthermore, new product releases by clients and the expected normalization of operations at its new 8G OLED facilities in China should boost earnings.
However, LGD expects TV panel shipments to decline in 2Q20 due to the cancellation of major sports events.
The company has new OLED TV customers such as Vizio in the US and Huawei in China that would sustain its sales.
The company expects its OLED business to enjoy earnings growth in 2H20, with sales rising to W5.26 trillion, with its operating profit climbing to W0.8 billion.
LGD posted first-quarter sales of W 4.72 trillion and an operating loss of W 3.6 billion.
The company estimates the large-sized LCD IT panel shipments in the first quarter to be close to 70 percent.


Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Thailand Inflation Remains Negative for 10th Straight Month in January
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Instagram Outage Disrupts Thousands of U.S. Users
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 



