[Infostock Daily= Reporter An Hoe Hyun] Hanwha Investment & Securities judged that Samsung SDI's fourth-quarter earnings would be very good. In response, the company maintained its investment opinion 'Buy' and raised its target stock price from 560,000 won to 860,000 won.
Samsung SDI's fourth-quarter sales were estimated at 3.6 trillion won, up 15.13% from the previous quarter, and operating profit at 328.5 billion won, up 22.85% from the previous quarter. Quarterly operating profit is expected to reach 300 billion won for the first time in history.
"Despite the seasonal inventory adjustment of small batteries and polarized films, we expect positive results thanks to the rapid growth of medium and large-sized battery sales and strong electronic materials," the company analyzed, adding, "Automobile battery sales are expected to be 1.4 trillion won, up 57% from the previous quarter, and Energy Storage System(ESS) sales are expected to be 390 billion won, up 50% from the previous quarter, and the operating profit ratio of medium and large batteries will improve to 5.3%."
It predicted operating profit of 1.3336 trillion won in 2021, up 12.5% from previous estimates. "Profitability will also improve rapidly as demand for electric vehicles and ESS increases rapidly under the standardized cell structure in medium and large-sized cells," the researcher Lee analyzed, adding, "Gen 5, a high nickel-based next-generation electric vehicle battery that will start to be produced in the second half of this year, will also reduce costs and will be able to maximize profits until next year."
Reporter An Hoe Hyun ahh@infostock.co.kr
