Category: RESEARCH

Brokerage : SK Securities Analyst : Hyung-woo Park, Young-hwan Jung (R.A) Investment Rating : BUY (Maintained) Target Price : KRW 1,100,000 (Maintained) Core Momentum : Multi-product pricing upcycle across MLCC, FCBGA, and BGA alongside AI/automotive mix improvements driving structural profitability and upward earnings forecast revisions 📊 1. [Valuation & Key Financial Metrics] 🚀 2. [Market…

Read More “[Research] Samsung Electro-Mechanics (009150/KS) – SK Securities | Price Cycle · Multi-Product Expansion · Valuation Re-rating / 2026-05-04” »

Brokerage : IBK Securities Analyst : Kim Woon-ho Investment Rating : BUY (Maintained) Target Price : KRW 1,050,000 (Raised) Core Momentum : Structural earnings expansion and favorable pricing conditions projected on the back of rising Non-IT MLCC demand, server/AI ASIC FC-BGA growth, and projected 3-year CapEx acceleration 📊 1. [Valuation & Key Financial Metrics] 🚀…

Read More “[Research] Samsung Electro-Mechanics (009150) – IBK Securities | CapEx Projection · Non-IT MLCC · FC-BGA / 2026-05-04” »

Brokerage : Shinhan Securities Analyst : Oh Kang-ho, Seo Ji-beom Investment Rating : BUY (Maintained) Target Price : KRW 1,000,000 (Raised) Core Momentum : Structural earnings growth and valuation re-rating driven by rising high-value product mix, expanding capacity utilization, and ASP upside momentum amid the expansion of the AI market 📊 1. [Valuation & Key…

Read More “[Research] Samsung Electro-Mechanics (009150) – Shinhan Securities | AI MLCC · FC-BGA · ASP Increase / 2026-05-04” »

Brokerage : Eugene Investment & Securities Analyst : Lee Joo-hyung Investment Rating : BUY (Maintained) Target Price : KRW 1,030,000 (Raised) Core Momentum : Structural earnings and profitability growth driven by robust order momentum for AI server MLCCs and product mix improvement toward high-margin server/network FC-BGA substrates 📊 1. [Valuation & Key Financial Metrics] 🚀…

Read More “[Research] Samsung Electro-Mechanics (009150) – Eugene Investment & Securities | AI MLCC · FC-BGA · Product Mix Improvement / 2026-05-04” »

Brokerage : Yuanta Securities Analyst : Sunyoung Kou (sunyoung.kou@yuantakorea.com) Investment Rating : BUY (Maintained) Target Price : KRW 1,020,000 (Raised) Core Momentum : Dual earnings growth engines driven by MLCC product mix upgrades and LTA demand visibility alongside a doubling of 2026 FC-BGA CapEx toward 2H26 full capacity utilization 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – Yuanta Securities | Dual Growth Engines · 2Q26 OPM Ramp-up · Substrate CapEx Doubling / 2026-05-04” »

Brokerage : Hana Securities Analyst : Kim Min-kyung (minkyung.kim@hanafn.com) Investment Rating : BUY (Maintained) Target Price : KRW 1,000,000 (Raised) Core Momentum : Entering a multi-year structural shortage across both MLCCs and FCBGAs driven by AI servers, accelerating customer LTA requests, and closing valuation gaps with global peers via embedded substrates 📊 1. [Valuation &…

Read More “[Research] Samsung Electro-Mechanics (009150) – Hana Securities | MLCC & FCBGA Shortage · LTA Expansion · 2027 Peer Multiple / 2026-05-04” »

Brokerage : DS Investment & Securities Analyst : Dae-hyung Cho (dh.cho@ds-sec.co.kr) Investment Rating : BUY Target Price : KRW 1,080,000 (Raised) Core Momentum : Early phase of a structural component shortage cycle, anticipated 2H MLCC price hikes, and simultaneous Q and P expansion in FC-BGA from 2Q Big Tech AI networking shipments driving 2H full…

Read More “[Research] Samsung Electro-Mechanics (009150) – DS Investment & Securities | Price Hikes Ahead · Shortage Cycle · 2027F Peer Multiple / 2026-05-04” »

Market: KOSPI (000660) Brokerage : Eugene Investment & Securities Analyst : In-jun Sohn Investment Rating : STRONG BUY (Initiation) Target Price : KRW 2,300,000 (Initiation) Core Momentum : Rapidly expanding server memory demand is expected to intensify supply shortages into 2027, strengthening favorable LTA terms and pricing power while SK hynix’s HBM leadership and customer…

Read More “[Research] SK hynix (000660 / SKHY) – Eugene Investment | Server Memory Demand · LTA · HBM Leadership / 2026-05-04” »

Market: KOSPI (000660) Brokerage : Mirae Asset Securities Analyst : Younggun Kim Investment Rating : BUY (Maintained) Target Price : KRW 2,000,000 (Maintained) Core Momentum : Rising hyperscaler Capex and order backlogs are expected to sustain AI infrastructure investment, while expanding custom HBM deployments and inference CPU infrastructure broaden demand across both HBM and conventional…

Read More “[Research] SK hynix (000660 / SKHY) – Mirae Asset | Hyperscaler Capex · Custom HBM · Inference Memory Demand / 2026-05-04” »

Brokerage : Mirae Asset Securities Analyst : Younggun Kim Investment Rating : BUY (Maintained) Target Price : KRW 320,000 (Upgraded) Core Momentum : Target price raised based on high demand visibility from global big tech CapEx growth and memory LTAs, coupled with significant valuation discounts across advanced-node foundry operations. 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electronics (005930) – Mirae Asset | Demand Visibility Expansion · Foundry Undervaluation · 2027 Earnings Upgrade / 2026-05-04” »