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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘Samsung SDI boosted by larger batteries’

  • PUBLISHED :November 01, 2017 - 11:23
  • UPDATED :November 01, 2017 - 11:23
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[THE INVESTOR] Samsung SDI will remain strong on the back of medium and large batteries, said Mirae Asset Daewoo on Nov. 1, raising the target price up 12.5 percent to 270,000 won (US$241.29). 




Boosted by the energy storage system sector, its revenue and operating profit in the fourth quarter will rise to 2 trillion won and 109.2 billion won, up 18.7 percent and 81.5 percent, respectively, from the previous quarter, estimated analyst Kim Cheol-jung.

Its sales of medium and large batteries for ESS will leap to 470 billion won this year and 758 billion won, repectively, next year, and operating profit ratio in 2018 will reach 11 percent, according to the analyst. It will start making profits from larger batteries next year, he noted, adding this sector is undervalued compared to those of its global peers. 

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

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