SEOUL, Oct 20 (Reuters) - South Korean flat-screen maker LG Display , a skeleton key supplier to Apple Inc , posted its biggest three-monthly waste on Thursday as neutral ask for televisions and computers hit panel prices and one-off losses weighed. LG Display, which vies with family challenge Samsung Electronics Co for the incomparable stance in LCD unchanging screens globally, said it expected panel evaluation falls to circumspectly in the in circulation mercifulness from the above-named quarter. It did not give a percipience for the expected easing of outlay declines but its executives are bullish on consumer request for tablet computers such as Amazon.com Inc's unknown Kindle Fire and for smartphones. Panel makers are struggling with a weaker-than-usual seasonal requisition pick-up in the sec half of 2011 as an unclear broad economy slows call for for TVs, desktop monitors and notebook PCs, depressing panel prices.
Consumers are also increasingly turning to versatile devices such as Apple's acclaimed iPad and iPhone, sapping command for stock desktop computers and laptops. But some analysts were alert about the furnish overall. "The panel peddle will carry on sluggish as it is headed for a seasonally dull demand season starting November," said Kim Byeong-ki, an analyst at Kiwoom Securities. LG Display said its July-September operating wasting was 492 billion won ($434.6 million) versus an so so anticipate of a 196.5 billion won erosion in a interview by Thomson Reuters I/B/E/S.
That obvious its fourth consecutive four times a year injury and compared with an operating impairment of 48 billion won in the earlier division and an operating avail of 182 billion won a year ago. The companions said the wider-than-expected depletion is due to additional antitrust arrangement and a big translation collapse stemming from a sharp plunge in the won currency. "LG Display expects mount up to ceremony shipments to inflation by a low single-digit percentage in the fourth station compared to the third quarter.
Also, further worsening in panel prices is expected to be limited," James Jeong, CFO of LG Display, said in a statement. Some investors said South Korean panel makers, which get aid from their cash-rich guardian groups, are better positioned to vie with their Taiwanese and Japanese rivals during the work downturn. "LG Display is gaining a obdurate status as No.2 in the sector, helped by its affiliates such as LG Chem and LG Electronics ," said Jung K.S., a stock forewoman at Eugene Asset Management, which owns LG Display shares.
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