LG Display sees LCD market bottoming out in Q4

SEOUL, Oct 21 (BestGrowthStock) – South Korea’s LG Display
(034220.KS: ), the world’s No. 2 LCD flat screen maker, expects
the tumbling flat screen market to bottom out in the current
quarter with a rebound coming late in the first quarter.

“TV producers and other set makers are taking a cautious
approach on weak demand, but inventory is returning to a normal
level, and we expect the market to bottom out in Q4 and the
overall outlook will improve from late in the first quarter of
next year,” LG Display chief financial officer Jung Ho-young
told analysts.

(Reporting by Miyoung Kim; Editing by Ken Wills)

LG Display sees LCD market bottoming out in Q4