Post Time：Jun 16,2008Classify:Company NewsView：411
June 16 (Bloomberg) --
The
``The price of 32-inch television panels has begun to moderate and there are risks of rising price pressure on glass or a sharper-than-expected slowdown in glass demand in the fourth quarter in the year ending in March 2009,'' Macquarie analyst
Kakiya estimates a 5 percent decline in the company's operating profit, or sales minus the cost of goods sold and administrative expenses, for the second half, followed by an 11 percent drop in the first half next year, according to the report.
Kakiya lowered her rating on the company, based in Shiga prefecture, central Japan, to ``underperform'' from ``outperform'' on June 13, and slashed a 12-month price estimate to 1,700 yen from 1,900 yen.
The stock has risen 7.1 percent this year, in contrast to a 6.2 percent drop in the benchmark
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Source: BloombergAuthor: admin
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