Burdened by worries about the display maker’s fourth quarter prospects for profit, early domestic trade on Friday resulted in the shares of LG Display Co Ltd in a sharp downward turn.
At one point in the morning trade, shares were down to more than 5 percent and were at 4.8 percent at trading close by 0058 GMT.
IM Investment analyst Lee Min-hee is noted to have said that during the holiday season in China, there was a weak and less than expected sales of television sets and now, even more weaker demand for television panels is a concern as peak season for the TV panels has passed.
In addition to these woes, Apple Inc (AAPL.O), an important client of LG Display, and its launch of new iPad models had received a somewhat mixed reception and reviews from analysts, which can translate to the fact that there may not be any remarkable or increased orders during the October-December Quarter.
In conclusion, LG Display may need to step up efforts in marketing their products before the quarter is up in to catch up and somehow make profitable gains to compensate for the downward trend.