April 24, 2024

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[THE INVESTOR] Samsung Electro-Mechanics will beat market expectations in the first quarter, said Hyundai Motor Investment and Securities on Jan. 9, maintaining a “buy” recommendation and 133,000 won (US$124.58) target price.

Its earnings will widely surpass market consensus boosted by the price hike of multiple-layered ceramic capacitors and the launch of Galaxy S9, said analyst No Geun-chang.

Galaxy S9 Plus, which will account for more than 55 percent of the new model’s shipment, will be equipped with dual cameras, and S9 single cameras, and as the specifications are improved, the average sale price will rise significantly, forecast the analyst. 

The company will also top the market share in next-generation substrate like PCB for smartphones and revenue from print circuit boards and ACI sectors will be boosted, he noted, adding that when the first-quarter earnings guidance is released its earnings prospects for the whole year may take a sharp upturn.

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