April 25, 2024

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[THE INVESTOR] Samsung Electronics will continue to post strong earnings across sectors until next year, said Yuanta Securities on April 11, raising the target price to 2.7 million won (US$2,356) from 2.3 million won. 

In 2019, it will change the landscape of smartphone and television industries, with its foldable displays and high performance sound system, manufactured by US automotive electronics firm Harman that it acquired last month, said analyst Lee Jae-yun. 

The fast-growing expectations for Galaxy S8, however, could be a risk factor for its stock price this year, said the analyst, point out that quite a large number of customers are awaiting the release of the new iPhone in the second half.

Lee suggested Galaxy S8 will sell about 50 million units, a more conservative figure than market estimates. 

By Hwang You-mee (glamazon@heraldcorp.com)