[Infostock Daily= Reporter An Hoe Hyun] NH Investment & Securities expects Samsung SDS's operating profit to exceed its market forecast in the third quarter(July~September) of this year. Analysts say that sales of Samsung SDS's logistics business outsourcing(BPO) division will also increase significantly due to improved performance of Samsung Electronics, a customer company.
The target stock price was also raised 23.8% from the previous 210,000 won to 260,000 won, and the investment opinion was maintained 'Buy'.
"Samsung SDS is estimated to record sales of 2.9183 trillion won and operating profit of 212.4 billion won in the third quarter of this year," the company said. Sales increased 10% year-on-year and operating profit increased 3%.
"Sales in the logistics BPO division will lead the growth, rising 21% year-on-year to 1.5568 trillion won," the company said, adding, "With Samsung Electronics, a major customer, posting good performance, volume will be strong and air sales will increase." Sales in the information technology (IT) service sector in the third quarter are expected to reach 1.3615 trillion won, up from a slump in the first half of the year and remain at the same level a year earlier.
Reporter An Hoe Hyun ahh@infostock.co.kr
