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LPL - LG Display: Operating Profit Beat Overshadowed By Fund Raising Plans
LG Display Co Ltd AMERICAN DEPOSITORY SHARES
2024-01-27 07:17:30 ET
Summary
LG Display achieved a substantial Q4 2023 operating income beat, and the company is expected to deliver a better set of results in 2024 vis-a-vis 2023.
But LPL's recently proposed equity financing plans suggest that the company's financial flexibility has been constrained by its high financial leverage.
My investment rating for LG Display is a Hold after evaluating its recent quarterly business performance and its financial position.