QUOTE AND NEWS
USAToday.com  Oct 11  Comment 
Despite some performance snags, webOS and a smart design carry this attractive set.
StreetInsider.com  Oct 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/LPL+Financial+%28LPLA%29+Discloses+Additional+%24150M+Shares+Repurchase+Plan/9894239.html for the full story.
The Economic Times  Oct 3  Comment 
Yadav discusses the politics over forming Delhi’s government, the LG’s role – and whether Modi fans are looking closely at AAP now.
Forbes  Sep 30  Comment 
For the past week I've been carrying an iPhone 6 Plus in one pocket and the G3 in another and -- after extensive use of both -- I can see how each would have its fans and detractors. Both are excellent phones and while there is no clear winner,...
TechCrunch  Sep 24  Comment 
 This morning, Orange, a large French telecom, announced that it has secured a number of partner companies to support its fourth startup accelerator batch, forming what it un-ironically and patly calls the Fab Force. The name dings with Microsoft...
TechCrunch  Sep 24  Comment 
 As we enter the era of the ubiquitous Big Phone, it’s refreshing to hold something like the slim and light second-generation Moto X. Priced at $500 unlocked and about $99 with a contract, this 5.2-inch phone with 1080p OLED screen and Gorilla...
TheStreet.com  Sep 23  Comment 
NEW YORK (TheStreet) -- RATINGS CHANGES LG Display was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: LPL Ratings Report Children's Place was upgraded to buy at TheStreet Ratings. You can view the...
TheStreet.com  Sep 23  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. aTheStreet Ratings quantitative algorithm...
SeekingAlpha  Sep 21  Comment 
By Paolo Gorgo: Last week, Immersion Corporation (NASDAQ:IMMR) announced a renewed license with LG Electronics, one of the world's largest producers of mobile devices, and a long time partner to the company. The deal covers both Basic Haptics IP...
The Economic Times  Sep 19  Comment 
We are liking from this space again has run up. We have recommended quite a few stocks in this space MM Forging, LG Balakrishna.





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LG Display Co., Ltd(LPL) is the second biggest producer of Liquid Crystal Display(LCD) in the world. LG Display engaged in the manufacture of thin-film transistor liquid crystal display (TFT-LCD) in a range of sizes and specifications primarily for use in televisions, notebook computers and desktop monitors. LG Display also manufactures TFT-LCDs for handheld application products, such as mobile phones, and medium and large-size panels for industrial and other applications, such as entertainment systems, automotives, portable navigation devices, e-books, digital photo displays and medical diagnostic equipment.

During the year ended December 31, 2009, LG Display sold a total of 129.6 million large-size (10-inch or larger) TFT-LCD panels. On February 25, 2010, LG Display purchased the liquid crystal display module division of LG Innotek, a subsidiary of LG Electronics, Inc.

In 2010, LG Display reflected the European Commission fines related to the alleged past anti-competitive acts in the LCD industry as an operating loss in the fourth quarter. However, LG Display posted a record high annual sales and stable earnings in 2010. Annual sales was KRW 25,512 billion, an increase of 27% from KRW 20,038 billion in 2009, and annual operating profit was KRW 1,310 billion, an increase of 30% from KRW 1,010 billion year-on-year.


Company Overview

History

Actually, LG Display was established in 1985, however, the basis of present LG Display was originally formed as a joint venture by the Korean electronics company LG Electronics(SEO:A066570) and the Dutch company Koninklijke Philips Electronics in 1999 to manufacture active matrix Liquid Crystal Displays (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off its shares then LG.Philips LCD changed its corporate name to LG Display in 2008.

LG Display(NYSE:LPL, SEO:A034220) was the first Korean company which was listed simultaneously on New York Stock Exchange and Korea Stock Exchange in 2004. Today, LG Display is one of the biggest maker of liquid crystal display panels.


Business and Financial Metrics

IFRS [International Financial Reporting Standards) Statements of Income (Unit: KRW Bn)
Accounts Q1 '2009 Q2 '2009 Q3 '2009 Q4 '2009 2009 Q1 '2010 Q2 '2010 Q3 '2010 Q4 '2010 2010
Revenue(Sales) 3,542 4,772 5,818 5,905 20,038 5,876 6,454 6,698 6,483 25,512
Net Income -347 367 595 502 1,118 649 555 224 -268 1,159

Business Segments

LG Display’s display panels are included primarily in televisions, notebook computers, desktop monitors and industrial and other applications sold by its global end-brand customers. During the year ended December 31, 2009, its top ten end-brand customers included LG Electronics, Philips Electronics, Hewlett-Packard, Dell, Toshiba, Apple, AmTRAN, Skyworth, Acer and Lenovo. LG Electronics Inc. is LG Display’s largest shareholder.

Televisions

LG Display’s television panels range from 15 inches to 55-inch, wide-format in size. Its sales of display panels for televisions were 54.7% of sales during 2009. LG Display’s product portfolio includes panels of various sizes, such as 17-inch, 19-inch, 20-inch, 22-inch, 26-inch, 32-inch, 37-inch, 42-inch, 47-inch and 55-inch panels. The 32-inch, 37-inch, 42-inch and 47-inch, wide-format panels comprise its principal products in this category in terms of sales revenue and sales volume.

Notebook Computers

LG Display’s display panels for notebook computers range from 8.9 inches to 20.1-inch, wide-format in size in a variety of display formats. LG Display's sales of display panels for notebook computers were 17.8% of sales during 2009. In 2009, 14.1-inch, 15.4-inch and 15.6-inch panels were LG Display’s principal products.

Desktop Monitors

LG Display’s desktop monitor display panels range from 15 inches to 30-inch, wide-format in size in a variety of display resolutions and formats. LG Display's sales of display panels for desktop monitors were 23.2% of sales in 2009. Desktop monitor display panels have become LG Display’s second largest product category. In 2009, 19-inch and 18.5-inch panels were LG Display’s principal products in terms of sales revenue and sales volume in this category.

Other Applications

LG Display’s product portfolio includes small-size TFT-LCD panels for use in handheld application products, such as mobile phones, and medium and large-size panels for industrial and other applications, such as entertainment systems, automotives, portable navigation devices, e-books, digital photo displays and medical diagnostic equipment. TFT-LCD panels that are 10 inches and smaller are referred to as small and medium-size panels, with those smaller than four inches being considered small-size panels. In 2009, sales of small-size panels constituted a significant majority in terms of both sales revenue and sales volume in the other applications category. Some of the panels produced by LG Display for industrial products, such as medical diagnostic devices, are highly specialized products manufactured to the specifications of its clients, while others, such as industrial controllers, may be manufactured by slightly modifying a standard product design for its other products, such as desktop monitors. LG Display’s sales of display panels for other applications were 4.3% of sales in 2009.


Sales Breakdown of Segments
Display Panel Sales breakdown of 2010 Sales breakdown of 2009
TV 55.2% 54.7%
Monitor 21.1% 23.2%
Notebook 17.3% 17.8%
Mobile and Others 6.4% 4.3%
Total 100%(KRW 25,511,535 million) 100%(KRW 20,037,701 million)


In 2010, because LCD TV market grew up, sales breakdown of TV increased by 0.5% point, compared in 2009. Also, sales breakdown of Application increased, due to growing of the demand for Smartphone based on In-Plane Switching(IPS) technology.


Competition

Revenue Results and Growth by Supplier (US$ Millions) in Mar and Apr, 2011[1]

References

  1. DisplaySearch : Revenue Results and Growth by Supplier (US$ Millions) in Mar and Apr, 2011
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