UPDATE 2-Apple supplier LG Display slashes investment plans as losses mount [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
Apple supplier LG Display slashes investment plans as losses mount | Reuters 4 Min Read SEOUL (Reuters) - South Korea’s LG Display Co Ltd ( 034220.KS ), a key Apple supplier, slashed its investment plans by $2.7 billion to 2020 citing concern for the global smartphone market, as it posted a second consecutive quarterly loss. The cut underscores the bleak outlook for electronics makers and comes a week after another Apple Inc ( AAPL.O ) supplier, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) ( 2330.TW ), also scaled back its revenue and investment estimates. “It is a conservative approach resulting from uncertainty around the mobile market,” Don Kim, LG’s chief finance officer, told an earnings conference call, referring to the capex reduction. LG said it would trim investment by 3 trillion won ($2.7 billion) from what was planned by 2020, without revealing its total or previous capex targets. It also warned that it could adjust production in South Korea and China in response
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News
- LG Display: Consider Potential Results Miss And Favorable Developments [Seeking Alpha]Seeking Alpha
- LG Display Co., Ltd. (NYSE: LPL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- ????????????????????? ??????????????????????????????? AMOLED ??????????????? ??????????????????????????????????? 50% ???? 2566PR Web
- AR and VR Display Companies - Samsung Electronics (South Korea) and LG Display (South Korea) are the Key Players [Yahoo! Finance]Yahoo! Finance
- LG Display Co., Ltd. (NYSE: LPL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
LPL
Sec Filings
- 4/1/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/22/24 - Form 6-K
- LPL's page on the SEC website