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The Korea Herald
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THE INVESTOR
March 28, 2024

Stocks & Bonds

[EQUITIES] ‘Samsung Electronics to post record earnings in Q3’

  • PUBLISHED :August 01, 2018 - 11:17
  • UPDATED :August 01, 2018 - 11:17
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[THE INVESTOR] Samsung Electronics has temporarily dipped in the second quarter but will post record earnings in the next three months, said Shinhan Investment on Aug. 1, maintaining a “buy” recommendation and 64,000 won (US$57.26) target price.




Its operating profit in the period was weighed down by slow sales of Galaxy S9, price decline of NAND and defect issue of DRAM, but will gain 17.9 percent to 17.5 trillion won in the third quarter. Its semiconductor sector’s operating profit will reach 13.57 trillion won and mobile division will post 2.6 trillion won. The display unit will log operating profit of 1.1 trillion won. Revenue for the whole year will increase 5.6 percent from last year to 235.1 trillion won and operating profit by 23.2 percent to 66.1 trillion won, said analyst Choi Do-yeon.

Semiconductor and display divisions will propel the rebound in the third quarter. In particular, the semiconductor sector will gain from shipment increase and rise in average price of DRAM while display unit will enjoy surge in operation ratio of flexible OLED. Memory chips will continue to flourish on the back of limited supply and growing demand for servers, and the recent concerns over its change in strategies for DRAM were excessive, he added.

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

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