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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘Samsung Electro-Mechanics to significantly improve from Q2’

  • PUBLISHED :May 18, 2017 - 11:26
  • UPDATED :May 18, 2017 - 11:26
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[THE INVESTOR] Samsung Electro-Mechanics’ earnings will rise significantly from the second quarter and surge in earnest from 2018, said Shinhan Financial Investment on May 18, raising the target price to 95,000 won (US$84.34) from 85,000 won.




Its operating profit will be back on track from the second quarter. Its profitability will rise as major smartphone maker clients have expanded production and demand for higher-margin parts increases, said analyst Park Hyeong-u.

Its operating profit in the second quarter will reach 66 billion won, up 335 percent on-year, and continue to rise to 481.8 billion won in 2018, estimated the analyst. 

It is setting out to grow fully from next year on the back of a multiple growth momentums, including demand for dual cameras, multi-layer ceramic condensers, rigid-flex printed circuit boards, parts for 5G and IoT technologies, said Park. 

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

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