Category: RESEARCH

Market: KOSPI (000660) Brokerage : Shinhan Securities Analyst : Hyungtae Kim (Researcher: Hyesus Song) Investment Rating : BUY (Maintained) Target Price : 730,000 KRW (Raised) Core Momentum : Broad-based memory demand growth and constrained supply are expected to intensify shortages across DRAM and NAND, strengthening supplier pricing power and supporting a prolonged memory super-cycle with…

Read More “[Research] SK hynix (000660 / SKHY) – Shinhan | Memory Super-Cycle · Supply Tightness · Pricing Power / 2025-10-30” »

Market: KOSPI (000660) Brokerage : Hana Securities Analyst : Rok-Ho Kim (RA: Myeonggyu Kim) Investment Rating : BUY (Maintained) Target Price : 650,000 KRW (Raised) Core Momentum : Strong demand for high-performance server DRAM and enterprise SSDs is expected to drive simultaneous pricing and product-mix improvements, while secured annual demand and finalized HBM4 contracts support…

Read More “[Research] SK hynix (000660 / SKHY) – Hana | Server Memory Demand · HBM4 Contracts · Earnings Upgrades / 2025-10-30” »

Brokerage : Eugene Investment & Securities Analyst : Joo-hyung Lee Investment Rating : BUY (Maintained) Target Price : KRW 270,000 (Raised) Core Momentum : Target price raised based on a 3Q earnings beat, industry-wide capacity cannibalization driven by AI server/network MLCC demand, and the high probability of price increases for high-value MLCC lines in 2026…

Read More “[Research] Samsung Electro-Mechanics (009150) – Eugene Investment & Securities | AI Server Capacity Cannibalization · MLCC Price Hike Potential · Target Price Upgrade / 2025-10-30” »

Brokerage : Kiwoom Securities Analyst : So-won Kim Investment Rating : BUY (Maintained) Target Price : KRW 280,000 (Raised) Core Momentum : Target price raised based on strong 3Q results, an anticipated Q4 off-season earnings surprise driven by industrial/automotive demand, and the structural entry into an MLCC price hike cycle in 2026 alongside expanding server/network…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kiwoom Securities | 98% MLCC Utilization · 4Q Earnings Surprise Forecast · 2026 Pricing Upcycle / 2025-10-30” »

Brokerage : Shinhan Securities Analyst : Kang-ho Oh, Ji-beom Seo Investment Rating : BUY (Maintained) Target Price : KRW 310,000 (Raised) Core Momentum : High-value product mix expansion in Component and Package Solution divisions, projected MLCC capacity utilization exceeding 90%, and prolonged structural benefits from AI adoption supporting a target price upgrade to KRW 310,000….

Read More “[Research] Samsung Electro-Mechanics (009150) – Shinhan Securities | High-Value Mix Expansion · MLCC High Utilization · Target P/B Upgrade / 2025-10-30” »

Brokerage : iM Securities Analyst : Eui-young Ko Investment Rating : Buy (Maintained) Target Price : KRW 280,000 (Raised, 12-month Target Price) Core Momentum : Continued valuation multiple re-rating and earnings growth supported by structural high capacity utilization in MLCCs, disciplined industry CAPEX, 2026 operating profit reaching KRW 1.28 Trillion (+45.0% YoY), and a 21%…

Read More “[Research] Samsung Electro-Mechanics (009150) – iM Securities | High MLCC Utilization & Disciplined CAPEX · 2026 Earnings Growth · Target P/B Upgrade / 2025-10-30” »

Brokerage : SK Securities Analyst : Hyung-wou Park Investment Rating : BUY (Maintained) Target Price : KRW 305,000 (Raised) Core Momentum : Target price raised based on strong performance across all divisions, resilient off-season defense in Q4, and the projected transition from a high-utilization phase into a pricing-driven upcycle in 2026 alongside expanding next-gen AI…

Read More “[Research] Samsung Electro-Mechanics (009150) – SK Securities | 3Q Earnings Beat · Utilization to Pricing Upcycle Shift · Target Price Upgrade / 2025-10-30” »

Brokerage : IBK Securities Analyst : Woon-ho Kim Investment Rating : BUY (Maintained) Target Price : KRW 270,000 (Raised) Core Momentum : Earnings growth visibility and target price upgrade for 2026 underpinned by muted Q4 seasonal adjustments driven by AI demand, rising Non-IT MLCC share, and product mix migration toward server/automotive substrates. 📊 1. [Valuation…

Read More “[Research] Samsung Electro-Mechanics (009150) – IBK Securities | AI-Driven Off-Season Resilience · Non-IT MLCC Expansion · Target Price Upgrade / 2025-10-30” »

Brokerage : Daishin Securities Analyst : Kang-ho Park, Ji-won Lee (RA) Investment Rating : BUY (Maintained) Target Price : KRW 260,000 (Maintained) Core Momentum : Sustained earnings growth across 2025–2026 driven by FC-BGA revenue share surpassing 50% on AI/server expansion and high capacity utilization supported by expanding industrial and automotive MLCC mix. 📊 1. [Valuation…

Read More “[Research] Samsung Electro-Mechanics (009150) – Daishin Securities | FC-BGA Surpasses 50% Share · Industrial & Automotive MLCC Mix · 2026 Earnings Growth / 2025-10-30” »

Brokerage : Mirae Asset Securities Analyst : Jun-seo Park Investment Rating : BUY (Maintained) Target Price : KRW 320,000 (Raised) Core Momentum : Upward revisions in target price and 2026 operating profit to KRW 1.2 Trillion driven by MLCC and substrate capacity utilization approaching 100% under structural AI/automotive demand, effectively eliminating Q4 off-season headwinds. 📊…

Read More “[Research] Samsung Electro-Mechanics (009150) – Mirae Asset Securities | High MLCC & Substrate Utilization · Off-Season Headwinds Easing · Target EV/EBITDA Re-rating / 2025-10-30” »