[THE INVESTOR] Samsung SDI
will continue to outperform in the third quarter, said Yuanta Securities on Oct. 12, raising the target price to 240,000 won (US$211.40) from 200,000 won.
Its revenue in the period will hike 29 percent on-year to 1.67 trillion won and operating profit will come in at 17.2 billion won, turning to black from the same period last year, said analyst Lee Sang-eon.
The small battery sector’s margin improvement is attention worthy, and round battery cells continue to grow in tandem with the swelling market. The polymer batteries shipments are also rising, said the analyst.
All factors are favorable as its electronic material division also expands manufacturing capacity in time for the rising demand for OLED and semiconductor materials enjoy a boom, noted the analyst.
By Hwang You-mee (firstname.lastname@example.org