UPDATE 3-S.Korea's LG Display says trade wars weigh on global panel business [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
South Korea's LG Display says trade wars weigh on global panel business | Reuters 3 Min Read SEOUL (Reuters) - South Korea’s LG Display Co Ltd ( 034220.KS ) said trade conflicts would undermine the global panel business, as it posted a 76 percent fall in third-quarter profit on Wednesday despite a seasonal price boost. Recovering Liquid-Crystal Display (LCD) prices ahead of the year-end holidays helped the Apple Inc ( AAPL.O ) supplier swing to profit after two consecutive quarterly losses, but it said the trend was not expected to continue into the fourth quarter. The outlook for the global display panel market, valued at $164 billion by research firm Mordor Intelligence, was clouded by over-supply from China and fears of the economic impact of rising tariffs and protectionism, the firm said. “The LCD market is still expected to see double-digit growth in supply. As for demand, market volatility continues to grow, as macro uncertainties are aggravated by tariffs, trade frictions
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LPL
Sec Filings
- 3/22/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/14/24 - Form 6-K
- LPL's page on the SEC website