April 26, 2024
Stocks & Bonds
[EQUITIES] ‘Samsung Electro-Mechanics to gain from dual cameras’
[THE INVESTOR] Samsung Electro-Mechanics’ dual camera sales are on the rise, said HMC Investment Securities on April 27, raising the target price to 85,000 won (US$75.25) from 77,000 won.
Boosted by the rise in Chinese sales, the share of dual cameras in camera modules has risen to 8 percent, and pushed the revenue of the division and the whole company past market expectations, said analyst No Geun-chang.
As the Galaxy Note 8, to be released in the third quarter, will be equipped with dual cameras, the product will push the quarterly operating profit up to 109 billion won, forecast the analyst.
No recommended purchasing and holding its stocks as the company’s return on equity will begin to surge from the second quarter and earnings will continue to rise into the second half.
By Hwang You-mee (glamazon@heraldcorp.com)
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Xiaomi mobile featuring Samsung Electro Mechanics’ dual camera module |
Boosted by the rise in Chinese sales, the share of dual cameras in camera modules has risen to 8 percent, and pushed the revenue of the division and the whole company past market expectations, said analyst No Geun-chang.
As the Galaxy Note 8, to be released in the third quarter, will be equipped with dual cameras, the product will push the quarterly operating profit up to 109 billion won, forecast the analyst.
No recommended purchasing and holding its stocks as the company’s return on equity will begin to surge from the second quarter and earnings will continue to rise into the second half.
By Hwang You-mee (glamazon@heraldcorp.com)
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