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.


Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns
Intel Unveils Panther Lake AI Laptop Chips at CES 2025, Marking Major 18A Manufacturing Milestone
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook
U.S. Dollar Steadies Ahead of Fed Minutes as Markets Eye Policy Divisions
Lenovo Unveils AI Cloud Gigafactory With NVIDIA and Launches New AI Platform at CES 2026
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets
FCC Exempts Select Foreign-Made Drones From U.S. Import Ban Until 2026
China Reviews Meta’s $2 Billion AI Deal With Manus Amid Technology Control Concerns
SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally
Mercedes-Benz to Launch Advanced Urban Self-Driving System in the U.S., Challenging Tesla FSD
Nvidia Denies Upfront Payment Requirement for H200 AI Chips Amid China Export Scrutiny
South Korea Exports Hit Record High as Global Trade Momentum Builds
Starlink Internet Remains Active in Iran Despite Nationwide Blackout
Oil Prices Slide in 2025 as Oversupply and Geopolitical Risks Shape Market Outlook
Asian Currencies Trade Flat as Dollar Weakens in Thin New Year Trading 



