[Infostock Daily= Reporter An Hoe Hyun] SK Securities judged that the shortage of secondary batteries due to increased demand for electric vehicles starting from Tesla, a U.S. electric car maker, will have a positive impact on Samsung SDI. In response, the company raised its target stock price from 600,000 won to 700,000 won while maintaining its investment opinion 'Buy'.
Operating profit for next year is expected to increase 80.7% year-on-year to 1.324 trillion won. "The surge in demand for electric vehicles is inevitable, so we maintain a positive view of demand for secondary batteries and energy storage devices(ESS) for automobiles in the mid- to long-term," the company explained.
Regarding next year's stock price, "It will depend on the policies of each country leading the policy of fostering electric vehicles and the situation of entry-level electric vehicle projects by carmakers," the company predicted, adding, "The supply shortage of secondary batteries could last long as almost all automakers have already been offering an aggressive electric vehicle expansion strategy since Tesla Battery Day in September."
Reporter An Hoe Hyun ahh@infostock.co.kr
