Daishin Securities maintained its investment opinion "buy" and target stock price of 920,000 won on Samsung SDI on the 16th, saying its mid- to large-sized battery business toward EV will lead overall profits in the second half of the year.
"Samsung SDI's third-quarter operating profit is expected to rise 20.1 percent on-year to 321.1 billion won," said Daishin Securities Co. "EV-oriented mid- to large-sized batteries will play a pivotal role in overall profit growth from the third quarter in earnest after a turnaround in operating profit in the second quarter of this year.".
Samsung SDI is also pursuing strategic alliances with additional EV-oriented facility investment and automotive OEM (Original Equipment Manufacturing) companies in the United States.
"The company, which has various global customers such as Europe and the U.S., has a profitability strategy that enables high growth compared to its competitors," Daishin Securities said. "Although it has received a valuation discount due to conservative facility investment, it will gradually turn into a premium factor.".
Daishin Securities said, "It is also possible to improve the margin ratio of circular batteries (small batteries) and electronic materials," and added, "This year's annual operating profit will increase 61.9% year-on-year to KRW 1.86 trillion and 30.6% to KRW 1.42 trillion next year.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
