April 25, 2024
Stocks & Bonds
[EQUITIES] ‘Samsung’s capex raises company value’
[THE INVESTOR] Samsung Electronics’ investments are promoting its value and it is gaining trust from investors, said Daishin Securities on May 23, maintaining a “buy” recommendation and 2.54 million won (US$2,265) target price.
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Its total investment in facilities will increase to 30 trillion won from 24 trillion won last year, forecast analyst Kim Gyeong-min.
As the profits increase, its cash reserves have entered an upcycle and the company’s spending on facilities and M&As is contributing to its value, said the analyst.
Although it will not be able to seek large M&As now, in long term it will build eco-system and accelerate securing technological competitiveness, said Kim.
“It has been strengthening its mobile service and software by developing its own technologies and M&As.”
By Hwang You-mee (glamazon@heraldcorp.com)
