20080421
MCI Biweekly Update
From Apr. 7, 2008 to Apr. 18, 2008 the MCI rose from 8109.0 to 8265.4, an increase of 156.4 points. Recently, though the uncertainty in the global economy may sway investors’ confidence, there were two positive factors propping up MCI. On Apr. 10, LG Display reported its stellar sales revenue of 4,036 billion KRW in Q108 and operating profit of 881 billion KRW, beating market estimation. In addition, according to WitsView’s monthly large size panel shipment report released on Apr. 10, panel shipments grew notably in March and returned to a level seen during the high season of Oct07. In the following weeks, Q1 investor conference of other panel makers will be taking place successively. Once the sales are better than expected, it’s undoubted a good news to the industry and will inspire the MCI to keep the uptrend... more