Bloomberg News

South Korean Stocks: Hyundai, LG Display, Samsung Electronics

January 29, 2012

Jan. 27 (Bloomberg) -- Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the close in Seoul.

The Kospi Index rose 0.4 percent to 1,964.83, the highest close since Aug. 4 and the fifth day of advance. The benchmark gained 0.8 percent this week.

Hyundai Motor Co. (005380 KS) dropped 3.5 percent to 221,000 won, the most since Dec. 13. South Korea’s largest automaker reported a 2 trillion won ($1.8 billion) net income in the three months ended Dec. 31. The average of 13 analyst estimates compiled by Bloomberg was for profit of 2.24 trillion won.

Kia Motors Corp. (000270 KS) retreated 2.8 percent to 67,100 won. The country’s second-largest carmaker reported fourth quarter net income of 790.40 billion won, lower than analysts’ estimate of 1.08 trillion won.

LG Display Co. (034220 KS) gained 2 percent to 28,550 won. The world’s second-largest maker of liquid-crystal displays reported a fourth-quarter loss narrower than estimates, helped by demand for panels used in 3-D televisions and mobile devices. The company had a net loss of 6.3 billion won in the three months ended in Dec. 31, compared with a loss of 268.4 billion won a year ago, according to a regulatory filing. The average of 25 analyst estimates compiled by Bloomberg was for a net loss of 83.9 billion won.

Samsung Electronics Co. (005930 KS) advanced 1.1 percent to 1 million won, a record close. Asia’s largest consumer- electronics company’s net income was 4 trillion won, compared with 3.42 trillion won a year ago, the Suwon, South Korea-based company said in a statement today.

--Editor: Chan Tien Hin

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net


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