[THE INVESTOR] LG Display’s profits will advance in the latter half, said KB Investment and Securities on July 16, maintaining a “buy” recommendation and 23,000 won (US$20.40) target price.

Prices of 32-inch LCD television panels will hike 15 to 20 percent in the third quarter, propelling the price of overall LCD panels in the latter half, forecast analyst Kim Dong-won.

The prospect for price increases of 32-, 43- and 55-inch TV panels will boost its profits in the third quarter as they contribute to almost half of its annual shipment, according to the analyst. 

Its current stock price seems to reflect worst-case scenarios, and is likely to rebound at the slightest sign of positives, said Kim. Recovery of LCD panel price and rising currency exchange rate since the third quarter will be favorable, he added.

By Hwang You-mee (glamazon@heraldcorp.com)