April 26, 2024

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[THE INVESTOR] Samsung Electro-Mechanics will continue to post strong earnings, said Hana Financial Investment on Aug. 23, maintaining a “buy” recommendation and raising the target price to 225,000 won (US$201.05) from 205,000 won.

Its revenue in the third quarter will rise 13 percent on-year to 2.09 trillion won and operating profit will soar 192 percent to 301.3 billion won. It continues to expand its MLCC facilities and those completed in the first half will begin operations in the latter half. Both revenue and profits from PCB solution sector will be boosted by supplying RF-PCB to a North American client, said analyst Kim Rok-ho.

MLCC has been propelling the company’s earnings growth and is likely to enjoy a boom for the time being. Its operating profit next year will leap 52 percent from this year to 1.46 trillion won, according to the analyst. 

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