Kiwoom Securities maintained its investment opinion 'buy' and target stock price of 270,000 won on the 10th, saying its second-quarter earnings will meet market expectations for Samsung Electro-Mechanics.
"Currently, the increase in the selling price of flip chip-ball grid array (FC-BGA) and chip scale package (FC-CSP) is being reflected," Kiwoom Securities said. "FC-BGA will be supported by demand for corporate high-end PCs in the contact conversion environment.".
Kiwoom Securities forecast Samsung Electro-Mechanics'operating profit for the second quarter of this year to rise 226% compared to the same period last year to 313.2 billion won. This is a figure that met market expectations (290.7 billion won).
In addition, the camera module will be sluggish due to the absence of the flagship model in the second quarter and the proliferation of the Covid-19 in India and Vietnam, but it is expected to recover with the effect of the new model in the second half.
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
