Category: RESEARCH

Brokerage : Hana Securities Analyst : Min-kyung Kim Investment Rating : BUY (Maintained) Target Price : KRW 310,000 (Maintained) Core Momentum : Upside earnings potential projected on the back of AI server MLCC demand outgrowing server shipment growth due to higher GPU content per rack/rising TDP, 2H26 FCBGA full capacity utilization on new customer wins,…

Read More “[Research] Samsung Electro-Mechanics (009150) – Hana Securities | 4Q25 Preview · AI Server Expansion · Core & New Business Momentum / 2025-12-26” »

Brokerage : Daishin Securities Analyst : Kang-ho Park, Ji-won Seo (RA) Investment Rating : BUY (Maintained) Target Price : KRW 330,000 (Maintained) Core Momentum : Projected record-high earnings and ongoing valuation re-rating driven by a portfolio shift toward AI infrastructure/automotive components and expanding supply to global Big Tech customers. 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – Daishin Securities | AI & Automotive Mix · Big Tech Supply Expansion · Valuation Re-rating / 2025-12-23” »

Market: KOSPI (000660) Brokerage : Kiwoom Securities Analyst : Yuak Park Investment Rating : BUY Target Price : 730,000 KRW Core Momentum : Continued commodity DRAM price increases and an emerging NAND recovery are expected to drive consecutive earnings beats in 4Q25 and 1Q26, with customer price absorption creating additional upside potential for memory pricing….

Read More “[Research] SK hynix (000660 / SKHY) – Kiwoom | Commodity DRAM Pricing · NAND Recovery · Earnings Upside / 2025-12-08” »

Brokerage : Meritz Securities Analyst : Seung-soo Yang, Seo-hyun Woo (RA) Investment Rating : Buy (Maintained) Target Price : KRW 310,000 (Raised, 12-month Target Price) Core Momentum : Continued earnings estimate upgrades and valuation re-rating driven by structural excess demand for AI server MLCCs and persistent supply shortages in large-area AI ABF substrates. 📊 1….

Read More “[Research] Samsung Electro-Mechanics (009150) – Meritz Securities | AI Server MLCC · AI ABF Substrate Tightness · Valuation Re-rating / 2025-12-08” »

Brokerage : IBK Securities Analyst : Woon-ho Kim Investment Rating : BUY (Maintained) Target Price : KRW 330,000 (Raised) Core Momentum : Continued corporate revenue growth and margin expansion driven by easing Q4 seasonality, expanding AI server/ASIC exposure, and the rising share of Non-IT MLCCs in 2026. 📊 1. [Valuation & Key Financial Metrics] 🚀…

Read More “[Research] Samsung Electro-Mechanics (009150) – IBK Securities | 4Q Seasonality Easing · AI-Led Growth Across Divisions · Non-IT Mix Expansion / 2025-12-03” »

Brokerage : SK Securities Analyst : Hyung-wou Park Investment Rating : BUY (Maintained) Target Price : KRW 305,000 (Raised) Core Momentum : Forecasted earnings upside and valuation re-rating driven by potential MLCC supply shortages, ASP expansion scenarios under ongoing AI investment cycles, and new AI-oriented component lineups. 📊 1. [Valuation & Key Financial Metrics] 🚀…

Read More “[Research] Samsung Electro-Mechanics (009150) – SK Securities | MLCC Shortage Scenario · AI-Driven Portfolio Shift · Valuation Re-rating / 2025-11-24” »

Market: KOSPI (000660) Brokerage : Kiwoom Securities Analyst : Yuak Park Investment Rating : BUY (Maintained) Target Price : 730,000 KRW (Raised) Core Momentum : Tight commodity DRAM supply and stronger server demand are expected to sustain price increases and sharply expand conventional DRAM margins, supporting earnings growth even through the seasonal first-quarter slowdown. 📊…

Read More “[Research] SK hynix (000660 / SKHY) – Kiwoom | Commodity DRAM · Margin Expansion · Earnings Resilience / 2025-11-19” »

Brokerage : Mirae Asset Securities Analyst : Jun-seo Park Investment Rating : BUY (Maintained) Target Price : KRW 320,000 (Maintained) Core Momentum : Structural earnings growth toward KRW 1.3 Trillion in 2026 Operating Profit driven by sold-out FC-BGA capacity through 2027, ASP hikes from increasing layer counts, and rising high-capacitance MLCC demand from AI power…

Read More “[Research] Samsung Electro-Mechanics (009150) – Mirae Asset Securities | FC-BGA Sold-Out & ASP Upside · High-Cap AI MLCC · 2026 Margin Expansion / 2025-11-19” »

Brokerage : Kyobo Securities Analyst : Bo-ryeon Choi Investment Rating : BUY (Maintained) Target Price : KRW 310,000 (Maintained) Core Momentum : Earnings estimate upgrades for Q4 supported by FX tailwinds and cost control, alongside structural earnings growth driven by high-value AI server/automotive MLCC transitions and over 90% FCBGA capacity utilization. 📊 1. [Valuation &…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kyobo Securities | 4Q Earnings Upgrade · High-Value MLCC Shift · FCBGA Full Capacity / 2025-11-19” »

Market: KOSPI (000660) Brokerage : iM Securities Analyst : Myeongsub Song Investment Rating : Buy (Maintain) Target Price : 680,000 KRW (Raised) Core Momentum : DRAM and NAND demand growth is expected to outpace industry supply expansion in 2026, while the shift toward AI inference broadens memory demand from HBM into server DDR5 and enterprise…

Read More “[Research] SK hynix (000660 / SKHY) – iM Securities | Server DDR5 · eSSD · Supply-Demand Tightness / 2025-10-30” »