LG Corp (LGCOF)
| Previous Close | 13.23 |
| Open | 13.23 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's Range | 13.23 - 13.23 |
| 52 Week Range | 13.23 - 13.23 |
| Volume | |
| Avg. Volume | 30,200 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
LG Energy Solution to minimise capex this year due to slow EV demand
SEOUL (Reuters) -South Korean battery maker LG Energy Solution (LGES) said on Thursday it plans to minimise capital expenditure this year due to slowing global electric vehicle (EV) demand, after reporting a 75% plunge in first-quarter profit. LGES said it would have reported a 32 billion won loss without a tax credit received under the U.S. Inflation Reduction Act. Amid slow global growth in EVs, LGES said it plans to reduce capital expenditure this year.
- Reuters
LG Display expects return to profit after sixth straight quarterly loss
SEOUL (Reuters) -South Korean flatscreen maker LG Display on Wednesday flagged a return to profit in the current quarter, sending its shares surging, as weakness in premium TV sales drove it to report a sixth consecutive quarterly loss. Demand for personal computers, TVs and mobile phones has been down on last year due to economic uncertainties and rising living costs, leading to device makers buying less components to make them. However, stockpiles of display panels used in mobile phones have been falling throughout the year, leading to a likely rebound in demand, the Apple supplier said.
- Reuters
Battery maker LG Energy Solution warns of slowing EV demand, shares tumble
It joins a growing number of automakers and suppliers expressing caution about demand for EVs, as they fear high interest rates lifting financing costs and sputtering growth in major economies such as China and Europe will impact car buyers. "EV demand next year could be lower than expectations," LGES Chief Financial Officer Lee Chang-sil said on an earnings call, citing those factors, as well as automakers adjusting their EV strategies in response. LGES, which supplies Tesla, General Motors and other automakers, said revenue growth in 2024 would not be as high as the mid-30% rate forecast for this year.
