[THE INVESTOR] Samsung SDS has gained most from evolving technologies, said Hanwha Investment and Securities on June 14, suggesting a “buy” recommendation and 300,000 won (US$277.39) target price.
It has been in the system integration and consulting business concentrating on its captive market and its proven know-how supporting Samsung Electronics will serve as a competitive edge in the fast-changing IT environment, said analyst Kim So-hye.
It will be able to secure mid- to long-term growth momentum by expanding overseas, and revenue this year will reach 10.2 trillion won with operating profit of 865.4 billion won. Samsung Electronics’ expansion in facilities will maintain revenue growth in IT service sector and considering the sharp advance in its strategic business, its revenue will increase over 10 percent on-year without difficulty, she emphasized.
By Hwang You-mee (email@example.com)