[THE INVESTOR] Samsung Electro-Mechanics’ third-quarter earnings will be significantly higher than market consensus, said Korea Investment and Securities on Oct. 17 maintaining a “buy” recommendation and 210,000 won (US$186.85) target price.
Its operating profit in the period will soar 266.6 percent from the same period last year to 378.0 billion won, beating market expectations, propelled by strong MLCC sector and surprisingly high margins from camera module division, said analyst Cho Cheol-heui.
Entering a low season, its earnings growth will slow down in the fourth quarter but will remain solid. As MLCC supplies for electric automobile equipment begin in earnest, its revenue portfolio will improve and the company’s annual operating profit this year will surpass 1 trillion won for the first time, said the analyst.
By Hwang You-mee (firstname.lastname@example.org)