Yuanta Securities maintained its investment opinion on Samsung Electronics as 'Buy' and the target price of 107,000 won.
The securities firm estimated "Samsung Electronics' second-quarter sales will rise 25% year-over-year to 66 trillion won and operating profit will be 10 trillion won, up 25% year-over-year. Operating profit by division is 5.1 trillion won in semiconductor, 3 trillion won in smartphone, and 800 billion won in home appliances."
"The rise in memory prices will be maximized from the second quarter, and losses from a power outage at its Austin plant in the U.S. will be reduced compared to the previous quarter," said the securities firm "The performance momentum in the semiconductor sector will be highlighted from the second quarter. Stock's recent pullback is a great buying opportunity."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com