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THE INVESTOR
April 04, 2020
Big Reunion

Stocks & Bonds

[EQUITIES] ‘Samsung Electro-Mechanics to post record earnings in 2019’

  • PUBLISHED :November 01, 2018 - 11:38
  • UPDATED :November 01, 2018 - 11:38
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[THE INVESTOR] Samsung Electro-Mechanics’ earnings next year will be a record high, said Daishin Investment and Securities on Nov. 1 maintaining a “buy” recommendation and 220,000 won (US$193.19) target price.




Its operating profit in the third quarter surged 293 percent on-year to 405 billion won, considerably higher than market expectations, boosted by expanding sales of MLCC as well as improved margins from the mobile sector. Although the mobile sector will enters a low season in the fourth quarter, profits from MLCC will rise on the back of increasing supplies for Galaxy S10. Its operating profit in the period will reach 357.4 billion won, up 234.6 percent on-year, said analyst Park Gang-ho.

Its operating profit in 2019 will hike 43.9 percent from this year to record 1.62 trillion won. MLCC in particular will maintain high profitability as Samsung Electronics, Apple and Chinese smart device makers competitively upgrade hardware while automakers strengthen their electronic features, the analyst noted.

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

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