Category: RESEARCH

Brokerage : SK Securities Analyst : Hyoungwou Park, Mingyu Kwon Investment Rating : BUY (Maintained) Target Price : KRW 187,000 (Maintained) Core Momentum : Despite near-term FX pressures, rising MLCC capacity utilization driven by AI server and automotive demand, along with accelerated new businesses, underscores attractive structural valuation. 📊 1. [Valuation & Key Financial Metrics]…

Read More “[Research] Samsung Electro-Mechanics (009150) – SK Securities | FX Headwinds · Solid MLCC Utilization · AI & Auto New Businesses / 2025-06-11” »

Brokerage : IBK Investment & Securities Analyst : Unho Kim Investment Rating : BUY (Maintained) Target Price : KRW 170,000 (Maintained) Core Momentum : Steady expansion of Non-IT MLCC revenue share with new client onboarding, coupled with package substrate mix transition from mobile/PC to high-value server/automotive applications, supports structural earnings momentum. 📊 1. [Valuation &…

Read More “[Research] Samsung Electro-Mechanics (009150) – IBK Investment & Securities | Rising Non-IT MLCC Share · Substrate Mix Upgrade · Sequential Earnings Growth / 2025-04-30” »

Brokerage : IBK Investment & Securities Analyst : Unho Kim Investment Rating : BUY (Maintained) Target Price : KRW 170,000 (Maintained) Core Momentum : Steady expansion of Non-IT MLCC revenue share with new client onboarding, coupled with package substrate mix transition from mobile/PC to high-value server/automotive applications, supports structural earnings momentum. 📊 1. [Valuation &…

Read More “[Research] Samsung Electro-Mechanics (009150) – IBK Investment & Securities | Rising Non-IT MLCC Share · Substrate Mix Upgrade · Sequential Earnings Growth / 2025-04-30” »

Brokerage : Kiwoom Securities Analyst : Sowon Kim Investment Rating : BUY (Maintained) Target Price : KRW 170,000 (Lowered) Core Momentum : Continued strength in AI server and automotive MLCCs, alongside the 2H25 visibility of new growth drivers including AI accelerator substrates, glass substrates, and humanoid robotics. 📊 1. [Valuation & Key Financial Metrics] 🚀…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kiwoom Securities | Solid MLCC Demand · End-Market Diversification · 2H25 Catalysts / 2025-04-30” »

Brokerage : Shinhan Securities Analyst : Kangho Oh, Jibeom Seo Investment Rating : BUY (Maintained) Target Price : KRW 190,000 (Maintained) Core Momentum : Expanding demand for high-value industrial/automotive MLCCs and server FC-BGA substrates drives solid 1Q earnings delivery and reinforces attractive valuation fundamentals. 📊 1. [Valuation & Key Financial Metrics] 🚀 2. [Market Opportunities…

Read More “[Research] Samsung Electro-Mechanics (009150) – Shinhan Securities | Industrial & Automotive Mix · Rising FC-BGA Share · Valuation Disconnect / 2025-04-30” »

Brokerage : iM Securities Analyst : Euiyoung Ko, Useong Son Investment Rating : Buy (Maintained) Target Price : KRW 180,000 (Maintained) Core Momentum : Expanding automotive MLCC demand driven by Chinese EV NOA adoption and the commercial ramp of custom ASIC substrates for Big Tech drive structural margin improvement and valuation appeal despite tariff headwinds….

Read More “[Research] Samsung Electro-Mechanics (009150) – iM Securities | Automotive MLCC · ASIC Substrates · Historical Valuation Lows / 2025-04-30” »

Brokerage : SK Securities Analyst : Hyoungwou Park, Mingyu Kwon Investment Rating : BUY (Maintained) Target Price : KRW 187,000 (Maintained) Core Momentum : Differentiated earnings resilience driven by expanding high-value MLCC demand across AI servers and automotive platforms, alongside customer base expansion for AI accelerator and custom ASIC FC-BGA substrates. 📊 1. [Valuation &…

Read More “[Research] Samsung Electro-Mechanics (009150) – SK Securities | Solid MLCC Demand · AI & Automotive Portfolio · New Business Expansion / 2025-04-30” »

Brokerage : Mirae Asset Securities Analyst : Junseo Park Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Expanding non-IT product mix across automotive and AI server MLCCs, coupled with the 2Q shipment ramp of North American AI accelerator FC-BGA substrates, drives structural margin resilience and ASP defense. 📊 1….

Read More “[Research] Samsung Electro-Mechanics (009150) – Mirae Asset Securities | Automotive & AI Server Mix · FC-BGA Supply Ramp · ASP Defense / 2025-04-30” »

Brokerage : Hana Securities Analyst : Rokho Kim, Minkyung Kim Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Structural margin expansion driven by reduced consumer smartphone exposure, expanding AI server/automotive component mix, and full-scale 2Q shipments of AI accelerator FC-BGA substrates. 📊 1. [Valuation & Key Financial Metrics] 🚀…

Read More “[Research] Samsung Electro-Mechanics (009150) – Hana Securities | End-Market Mix Improvement · AI Accelerator Substrates · Profitability Upgrades / 2025-04-30” »

Brokerage : DS Investment & Securities Analyst : Daeho Cho, Jinyoung Kim Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Expanding product mix across automotive and AI/industrial MLCCs, alongside the 2Q25 shipment ramp-up of AI accelerator FC-BGA substrates, drives structural earnings transformation despite sluggish consumer IT set demand. 📊…

Read More “[Research] Samsung Electro-Mechanics (009150) – DS Investment & Securities | Automotive & Industrial MLCC · AI Accelerator FC-BGA · Fundamental Upgrade / 2025-04-30” »