Hyundai Motor Securities offered an investment opinion "buy" and a target price of 230,000 won for Samsung Electro-Mechanics on the 29th, saying that all of its business units are expected to contribute to the company's earnings growth due to increased profitability this year.
"Samsung Electro-Mechanics operates in components, modules and substrates, and this year, each business unit is expected to contribute to the company's earnings growth as its sales and operating profit increase year-on-year," said Hyundai Motor Securities
"In the third quarter, Samsung Electro-Mechanics will see its earnings grow compared to the previous quarter and KRW 2.5676 trillion in sales and KRW 417.9 billion in operating profit, respectively," Hyundai Motor Securities said.
"The performance of all three divisions will grow compared to the previous quarter, achieving KRW 9.873 trillion in annual sales and KRW 1.444 trillion in operating profit.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
