[Edaily Reporter Park Sun-Yeop ] LG Display is showing a gain of over 3% in early trading. Although its second-quarter earnings may fall short of market expectations due to restructuring costs, the stock price is rising on expectations that profitability is recovering when excluding one-time expenses, and that expanded mobile OLED shipments in the second half of the year will lead to improved earnings.
According to MP Doctor on the 25th, LG Display(034220)is trading at 12,590 won as of 9:20 a.m. today, up 410 won (3.37%) from the previous trading day.

IBK Investment & Securities maintained its “Buy” rating and 20,000 won target price for LG Display today. Kang Min-gu, an analyst at IBK Investment & Securities, projected second-quarter revenue of 5.6 trillion won—a 0.3% increase year-over-year—and an operating loss of 115.5 billion won. He believes operating profit will fall short of market expectations due to one-time costs associated with restructuring and voluntary retirement programs.
However, the market appears to be focusing more on the recovery in profitability—excluding these costs—and the potential for improvement in the second half of the year rather than the second-quarter loss. Analyst Kang estimated that, excluding workforce reduction costs, operating profit recovered to around 90 billion won despite the mobile off-season. He also cited increased shipments of white OLEDs (W-OLEDs) for TVs and monitors as a factor contributing to improved profitability.
For the second half of the year, he projected that plastic OLEDs (P-OLEDs) for mobile devices would lead the earnings recovery. This is because the company is entering the seasonal peak period ahead of new product launches by its clients, and it is also expected to benefit indirectly from supply disruptions at panel manufacturers in Greater China. Accordingly, he forecast that this year’s mobile P-OLED shipments would reach a record high of over 80 million units.
IBK Investment & Securities projected LG Display’s annual operating profit for this year at 1.2 trillion won, a 132.9% increase from the previous year. Analyst Kang stated, “The effects of structural improvements resulting from the shift toward an OLED-centric business and restructuring are now taking full effect.”