[Infostock Daily= Reporter An Hoe Hyun] SK Securities raised its target stock price from 190,000 won to 240,000 won for LG Display, saying that the liquid crystal display(LCD) boom is expected to continue in the first half of next year and Apple's iPhone sales are also expected to continue to be strong. The investment opinion remained 'Buy'.
"The shortage of LCD supply is likely to continue until the first half of 2021," the company explained, adding, "Apple's iPhone 12, the largest customer of plastic OLED, will show strong sales and the supply of LG Display will increase."
"In the case of large LCD, TV LCD panels are booming, and the shortage of glass continues due to the power outage at NEG in Japan, which has a very positive effect on the supply and demand of LCD panels," the company predicted, adding, "For the IT sector, large-scale monitors and high-resolution trends will accelerate, which will maintain high profitability." However, it explained that there is still a possibility that China's BOE will enter Apple's supply chain next year.
Reporter An Hoe Hyun ahh@infostock.co.kr
