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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  LG Chem, Ltd.    A051910   KR7051910008

LG CHEM, LTD.

(A051910)
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LG Chem to Sell LCD Polarizer Business for $1.1 Billion

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06/09/2020 | 10:35pm EDT

By Kwanwoo Jun

South Korea's LG Chem Ltd. said Wednesday that it signed a tentative $1.1 billion deal to sell parts of its liquid-crystal-display business to a Chinese company.

Under the deal, China-based Ningbo Shanshan Co. plans to buy LG Chem's LCD polarizer business, excluding some production lines for vehicles, the Korean chemical company said.

LG Chem said the deal still needs board approval, with terms potentially subject to change.

LG Chem said the planned sale conforms with its shift in business focus to organic light-emitting diode products.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
CHANGE INC. -1.31% 8280 End-of-day quote.469.46%
LG CHEM, LTD. 1.72% 650000 End-of-day quote.104.72%
LG CORP. -0.41% 72200 End-of-day quote.-2.17%
NINGBO SHANSHAN CO.,LTD. -1.35% 11.68 End-of-day quote.25.36%
SHIFT, INC. -10.88% 14340 End-of-day quote.79.70%
THE NEW HOME COMPANY INC. 0.60% 5.06 Delayed Quote.8.58%
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Financials
Sales 2020 30 211 B 26,8 B 26,8 B
Net income 2020 1 513 B 1,34 B 1,34 B
Net Debt 2020 8 010 B 7,10 B 7,10 B
P/E ratio 2020 32,4x
Yield 2020 0,97%
Capitalization 47 293 B 41 844 M 41 949 M
EV / Sales 2020 1 566x
EV / Sales 2021 1 256x
Nbr of Employees -
Free-Float 58,0%
Chart LG CHEM, LTD.
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LG Chem, Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends LG CHEM, LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 881 678,57 KRW
Last Close Price 650 000,00 KRW
Spread / Highest target 84,6%
Spread / Average Target 35,6%
Spread / Lowest Target -30,8%
EPS Revisions
Managers
NameTitle
Hak Cheol Shin Vice Chairman & Chief Executive Officer
Okdong Son President
Jin-Soo Park Vice Chairman
Dong-Seok Cha Chief Financial Officer & Director
Ki-Soo No CTO & President-Executive Board
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