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Thursday March 8, 1:13 PMKorea Hot Stocks-LG.Philips LCD, Daewoo SecuritiesSEOUL, March 8 (Reuters) - Stocks on the move on Thursday include:As of 0504 GMT, the main KOSPI rose 1.42 percent to 1,430.95, up for a third day in a row, as brokerages advanced, with investors beginning to believe the worst from a recent slump in global markets may be over. The index opened 0.14 percent higher at 1,409.02 points. **LG.PHILIPS LCD GAINS ON PANEL PRICE HOPES** Shares in the flat-panel maker rose 2.6 percent to 31,600 won, resuming a rising trend that had been interrupted by a slump in global markets, as investors remain optimistic that panel prices would hit a bottom in the first quarter and begin a recovery by the second quarter. "The first quarter could mark the lowest point in 2007 for panel prices, and then we could see a recovery by late next month," said Jason Kang, an analyst at Daewoo Securities. LG.Philips LCD posted its third quarterly loss in the October-December period, and analysts expect losses to widen in the current quarter. But shares in the flat-panel maker surged 17.9 percent in February, posting their first monthly gain in six, as investors anticipate earnings could start improving as early as the second quarter. - - - - **DAEWOO SEC. SURGES ON RESTRUCTURING TALK** Shares in Daewoo Securities Co., the country's second-most valuable brokerage, surged 5.83 percent to 18,150 won on media reports saying the government was considering merging state-run Korea Development Bank's investment banking operations with Daewoo. The JoongAng Ilbo reported on Wednesday that a government task force is considering the merger as part of its plans to create financial powerhouses that can better compete against established global rivals. Daewoo Securities is 39 percent owned by Korea Development Bank. 0215 GMT |
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