[Infostock Daily= Reporter An Hoe Hyun] Daishin Securities maintained its investment opinion 'Buy' and target stock price of 250,000 won for Samsung Electro-mechanics on the 26th, believing that it needs to pay attention to its raising additional profits and expanding high value-added investment.
"Starting this year, it will establish a foundation for operating profit of more than 1 trillion won per year," the company explained, adding, "We will maintain the most preferred stock in the electric and electronics industry."
Samsung Electro-mechanics' first-quarter consolidated operating profit is expected to rise 100.6% year-on-year to 331.2 billion won, exceeding the consensus. Total sales are estimated at 2.4 trillion won, up 12.6%. This year's annual operating profit is estimated to be the highest at 1.2498 trillion won, up 50.7% from a year earlier.
"Due to the continued demand for laptops and tablet PCs, large TVs and 5G conversion of smartphones, demand for ultra-small high capacity for IT will continue," the company explained, adding, "At the same time, the demand for MLCC for electronic equipment increases due to the trend of automotive electronic equipment and autonomous driving, and price hikes are expected in some areas due to the limitation of supply growth in the IT sector."
Reporter An Hoe Hyun ahh@infostock.co.kr
