LG Display Shares Decline After Shinhan Cuts Price Estimate on Earnings
By Saeromi Shin -
2011-08-18T00:34:59Z
LG Display Co. retreated in Seoul trading after Shinhan Investment Corp. lowered its share-price estimate by 19 percent, saying the company’s operating loss will widen in the third quarter. The world’s second-largest liquid- crystal display maker dropped 4.3 percent to 20,250 won as of 9:34 a.m. on the Korea Exchange. The benchmark Kospi Index slipped 0.8 percent.
To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net
To contact the editor responsible for this story: Seyoon Kim at skim7@bloomberg.net
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