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The Korea Herald
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THE INVESTOR
March 28, 2024

Stocks & Bonds

[EQUITIES] ‘Samsung SDI to rise on ESS, small battery’

  • PUBLISHED :March 09, 2018 - 11:23
  • UPDATED :March 09, 2018 - 11:23
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[THE INVESTOR]



It is competing for the top position with over 30 percent global market share in batteries for ESS, and its angled batteries have proven to be durable and dependable, said analyst Kim Ji-san.

The company has recovered to the past levels on the back of growing demand for small batteries for use other than in IT devices, and its operating profit this year will almost double to 248.1 billion won from last year, forecast the analyst. 

It will also raise cost effectiveness of its car batteries by expanding projects in Europe and by supplying third-generation models, while Polaroid films will concentrate on sales in China in time for production of 10th-generation LCD panels, according to Kim.

Concerns over decline in profits from stake in Samsung Display, however, remain, he added. 

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

Samsung SDI’s earnings will improve significantly on the back of its competitiveness in energy savings system and small batteries, said Kiwoom Securities on March 9, maintaining a “buy” recommendation and 250,000 won (US$233.95) target price.

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