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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

06/09/2020 | 10:35pm EST

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. 0.50% 8120 End-of-day quote.458.46%
LG CHEM, LTD. 3.55% 816000 End-of-day quote.157.01%
LG CORP. -1.28% 77200 End-of-day quote.4.61%
NINGBO SHANSHAN CO.,LTD. -3.04% 14.04 End-of-day quote.50.69%
SHIFT, INC. 3.39% 15270 End-of-day quote.91.35%
THE NEW HOME COMPANY INC. 0.52% 5.76 Delayed Quote.23.61%
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Financials
Sales 2020 30 218 B 27,3 B 27,3 B
Net income 2020 1 521 B 1,38 B 1,38 B
Net Debt 2020 8 011 B 7,25 B 7,25 B
P/E ratio 2020 39,2x
Yield 2020 0,81%
Capitalization 58 699 B 53 151 M 53 123 M
EV / Sales 2020 1 943x
EV / Sales 2021 1 541x
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Average target price 923 107,14 KRW
Last Close Price 810 000,00 KRW
Spread / Highest target 48,1%
Spread / Average Target 14,0%
Spread / Lowest Target -25,9%
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
Sector and Competitors