NH Investment & Securities maintained the target price of Samsung SDS at 260,000 won and its investment opinion of 'Buy'.
The securities analyzed that there is a possibility that Samsung SDS may pursue mergers and acquisitions (M&A) to strengthen its business competitiveness as IT investments, which had been contracted by COVID-19, have risen.
The securities firm expected Samsung SDS' operating profit to increase by 10% in 2021 as IT service revenue is increased by new projects and customers.
Samsung SDS is expected to generate consolidated sales of 1.2412 trillion won and operating profit of 959 billion won in 2021. It will increase sales by 12.7% and operating profit by 10% compared to 2020.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
