Liquid Crystal Display (LCD) device manufacturers expressed optimism based on robust quarterly profit forecasts driven by Chinese demand for LCD products, Reuters reported. After a year of relatively flat spending, Chinese consumers are shopping again for computer screens, flat-screen TVs and other gadgets. "The sector’s recovery is ongoing and the positive business trend will continue until the third quarter," said Choi Seong-lak, an analyst at SK Securities. Korean LG Display (LPL.NYSE, 034220.SEO), the world’s second-largest LCD manufacturer which supplies Apple’s (AAPL.NASDAQ) new iPad device, projected shipments will increase by 10% in the second quarter. It reported a US$712 million operating profit in January-March, beating expectations after a loss-making 2009. Taiwan-based AU Optronics (AUO.NYSE, 2409.TPE) also returned to profit in the first quarter. However, growth might be checked by a looming shortage of LCD glass, but increased investments by manufacturers are expected to alleviate the situation by later in the year.
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