April 19, 2024

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[THE INVESTOR] Samsung SDI will remain on an upturn in the third quarter, said NH Investment and Securities on Sept. 26, raising the target price to 250,000 won (US$219.90) from 210,000 won.

Its revenue will reach 2.67 trillion won with operating profit of 30 billion won, maintaining the upward trend from the second quarter, forecast analyst Go Jeong-woo.

Its small secondary cell battery section’s earnings will be boosted by the rise in smartphone polymer batteries while operating loss from medium to large secondary cell batteries will shrink on the back of expanding supply to European eco-friendly EV makers, said the analyst. The electronic material unit will grow in size as display polarizer sales increases, he added. 

It will bag secondary cell battery orders for ESS in the fourth quarter and for EVs next year, and its stocks will be reevaluated, noted Go maintaining a “buy” recommendation. 

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