Category: RESEARCH

Brokerage : Daishin Securities Analyst : Kang-ho Park, Ji-won Lee (RA) Investment Rating : BUY (Maintained) Target Price : KRW 260,000 (Raised) Core Momentum : Multi-year earnings expansion and valuation multiple re-rating driven by expanding Big Tech AI accelerator FC-BGA orders, mix improvements and potential price hikes in industrial/automotive MLCCs, and accelerating commercialization of glass…

Read More “[Research] Samsung Electro-Mechanics (009150) – Daishin Securities | AI Beneficiary Cycle · FC-BGA & MLCC Mix Upgrades · Glass Substrate Entry / 2025-10-20” »

Market: KOSPI (000660) Brokerage : iM Securities Analyst : Myeongsub Song Investment Rating : Buy (Maintain) Target Price : 530,000 KRW (Raised) Core Momentum : Robust server and enterprise SSD demand is expected to sustain the DRAM and NAND upcycle through at least 1H26, while increasing HBM4 competition and potential set-demand pressure remain key variables…

Read More “[Research] SK hynix (000660 / SKHY) – iM Securities | Server Demand · Memory Upcycle · HBM Competition / 2025-10-17” »

Market: KOSPI (000660) Brokerage : Mirae Asset Securities Analyst : Younggun Kim, Jeho Kim Investment Rating : BUY (Upgraded) Target Price : 520,000 KRW (Raised) Core Momentum : A faster-than-expected recovery in server and commodity memory demand, combined with capacity constraints from the HBM4 transition, is expected to tighten conventional DRAM supply and sustain contract-price…

Read More “[Research] SK hynix (000660 / SKHY) – Mirae Asset | Commodity DRAM · Supply Constraints · Contract Pricing / 2025-10-13” »

Brokerage : Mirae Asset Securities Analyst : Jun-seo Park Investment Rating : BUY (Maintained) Target Price : KRW 250,000 (Raised) Core Momentum : Multi-year earnings expansion and target price upgrade driven by structural AI cycle tailwinds pushing FC-BGA utilization above 80%, alongside tight MLCC supply-demand dynamics reaching 100% capacity utilization despite planned expansions. 📊 1….

Read More “[Research] Samsung Electro-Mechanics (009150) – Mirae Asset Securities | FC-BGA AI Utilization Level-Up · MLCC Full Capacity · Target Price Upgrade / 2025-10-10” »

Brokerage : Kiwoom Securities Analyst : So-won Kim Investment Rating : BUY (Maintained) Target Price : KRW 250,000 (Raised) Core Momentum : Target price raised to KRW 250,000 driven by anticipated off-season earnings resilience in Q4, expanding Non-IT MLCC revenue mix, potential MLCC price rebounds in 2026, and expanding server FC-BGA substrate shipments. 📊 1….

Read More “[Research] Samsung Electro-Mechanics (009150) – Kiwoom Securities | 4Q Beating Expectations · Early Stage of MLCC Upcycle · Target Price Upgrade / 2025-10-02” »

Brokerage : Eugene Investment & Securities Analyst : Joo-hyung Lee Investment Rating : BUY (Maintained) Target Price : KRW 230,000 (Raised) Core Momentum : Entry into a pricing-driven MLCC upcycle and target price upgrade driven by industry-wide capacity cannibalization from surging AI server demand, tight industry supply, and the high probability of industrial MLCC price…

Read More “[Research] Samsung Electro-Mechanics (009150) – Eugene Investment & Securities | Early Stage of Pricing-Driven MLCC Cycle · AI Server Capacity Cannibalization · Target Price Upgrade / 2025-10-01” »

Brokerage : Yuanta Securities Analyst : Seon-myung Ko Investment Rating : BUY (Maintained) Target Price : KRW 230,000 (Raised) Core Momentum : Multi-year earnings expansion and target price upgrade driven by solid automotive growth, application diversification into AI/general servers, expanding server mix in FC-BGA, and sustained operational leverage. 📊 1. [Valuation & Key Financial Metrics]…

Read More “[Research] Samsung Electro-Mechanics (009150) – Yuanta Securities | Automotive-Led Growth · Expanding Server Exposure · Resilient MLCC Demand / 2025-10-01” »

Market: KOSPI (000660) Brokerage : Shinhan Securities Analyst : Hyungtae Kim (Researcher: Hyesus Song) Investment Rating : BUY (Maintained) Target Price : 500,000 KRW (Raised) Core Momentum : Diversifying AI-driven HBM demand and conservative industry supply are expected to sustain favorable memory pricing, while SK hynix’s cost competitiveness supports high DRAM profitability and prolonged earnings…

Read More “[Research] SK hynix (000660 / SKHY) – Shinhan | HBM Demand · Cost Competitiveness · Earnings Growth / 2025-09-30” »

Market: KOSPI (000660) Brokerage : Hanwha Investment & Securities Analyst : Kwangjin Kim Investment Rating : BUY (Maintained) Target Price : KRW 440,000 (Raised) Core Momentum : Tight memory supply and an accelerated HBM4 transition are expected to drive a sharp increase in high-value memory revenue from 2026, while QLC SSD demand benefiting from HDD…

Read More “[Research] SK hynix (000660 / SKHY) – Hanwha | HBM4 Transition · QLC SSD · Earnings Growth / 2025-09-25” »

Market: KOSPI (000660) Brokerage : SK Securities Analyst : Donghee Han, Jimin Park Investment Rating : Buy (Maintained) Target Price : KRW 480,000 (Raised) Core Momentum : Expanding AI infrastructure is broadening structural memory demand from HBM into server DRAM and high-capacity QLC SSDs, while disciplined industry Capex and strong HBM4 manufacturing competitiveness support a…

Read More “[Research] SK hynix (000660 / SKHY) – SK Securities | Server DRAM · QLC SSD · HBM4 / 2025-09-17” »