LG Display Co., Ltd. (LG Display) reported a sequential dip in bottom-line in 4Q 09 but posted a robust improvement on a y-o-y basis. The company's 4Q 09 operating performance was below our expectation but bottom-line exceeded expectations supported by better-than-expected net financial income and an income tax benefit received during the quarter. We reiterate our BUY rating for the common stock in anticipation of strong demand in the LCD market…

LG Display Co., Ltd. (LPL) reported record high operating income benefiting from a robust revenue increase in 3Q 09. Operating income during the quarter was better than that achieved by the company in 2Q 08 when it was unaffected by the downturn, Net profit also witnessed a strong y-o-y rise in 3Q 09. Operating and net profit in 3Q 09 exceeded our expectations as in line revenues were offset by lower-than-anticipated Selling, General and Administrative (SG&A;) expenses…

LG Display Co., Ltd.'s (LPL) reported a y-o-y increase in revenues in 2Q 09. However, a y-o-y increase in costs resulted in the company reporting significantly lower operating income compared to 2Q 08. Revenues and margins recorded a robust sequential growth, leading the company to become profitable during the quarter. The results out-performed our expectations across the board. Furthermore, Management's 3Q 09 shipment and Average Selling Price (ASP) guidance is…