Category: RESEARCH

Brokerage : Kiwoom Securities Analyst : So-won Kim Investment Rating : BUY (Maintain) Target Price : KRW 180,000 (Maintained) Core Momentum : Driving earnings recovery and structural growth through expanding AI server/device demand for high-value MLCCs and FC-BGA, supported by China’s trade-in consumer subsidies. 📊 1. [Valuation & Key Financial Metrics] 🚀 2. [Market Opportunities…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kiwoom Securities | AI Server MLCC · China Trade-In Subsidy · FC-BGA & Silicon Capacitor / 2025-01-31” »

Brokerage : Shinhan Securities Analyst : Kang-ho Oh, Ji-beom Seo Investment Rating : Buy (Maintained) Target Price : KRW 190,000 (Maintained) Core Momentum : Driving earnings recovery and valuation re-rating through expanding high-value MLCC demand across AI devices and automotive sectors, along with rising FC-BGA supply to global server and network clients. 📊 1. [Valuation…

Read More “[Research] Samsung Electro-Mechanics (009150) – Shinhan Securities | AI·Automotive MLCC · High-Value FC-BGA · Valuation Level-Up / 2025-01-31” »

Brokerage : iM Securities Analyst : Eui-young Ko, RA: Woo-sung Son Investment Rating : Buy (Maintain) Target Price : KRW 180,000 (Maintained) Core Momentum : Structural mix enhancement with industrial and automotive revenue projected to reach 36%, alongside expanding market presence in AI server MLCCs and ASIC FC-BGA substrates. 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – iM Securities | Industrial & Automotive Exposure · AI Server MLCC · ASIC Substrates / 2025-01-31” »

Brokerage : Mirae Asset Securities Analyst : Jun-seo Park Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Entering an earnings expansion cycle driven by surging high-capacitance MLCC content per AI server, steady capacity utilization gains, and smartphone demand recovery from China’s subsidies. 📊 1. [Valuation & Key Financial Metrics]…

Read More “[Research] Samsung Electro-Mechanics (009150) – Mirae Asset Securities | AI Server MLCC · Utilization Recovery · China Subsidy / 2025-01-31” »

Brokerage : Hana Securities Analyst : Rok-ho Kim, RA: Kang-ho Park Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Driving structural margin expansion via higher AI server and automotive (ADAS) exposure, coupled with anticipated smartphone demand recovery from China’s trade-in subsidies. 📊 1. [Valuation & Key Financial Metrics] 🚀…

Read More “[Research] Samsung Electro-Mechanics (009150) – Hana Securities | AI & ADAS Mix · Margin Expansion · Valuation Re-rating / 2025-01-31” »

Brokerage : Kyobo Securities Analyst : Bo-young Choi Investment Rating : Buy (Maintained) Target Price : KRW 170,000 (Maintained) Core Momentum : Earnings rebound expected in 1Q25 driven by new customer product launches, expanding Non-IT mix across AI and automotive sectors, and China’s trade-in subsidies following 4Q24 one-off cost absorption. 📊 1. [Valuation & Key…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kyobo Securities | Non-IT Mix · 1Q25 Recovery · China Subsidy Momentum / 2025-01-31” »

Brokerage : IBK Securities Analyst : Un-ho Kim Investment Rating : BUY (Maintained) Target Price : KRW 170,000 (Maintained) Core Momentum : Entering a stable earnings recovery phase in 1Q25 following 4Q24 seasonal destocking, supported by a rising Non-IT MLCC mix and ongoing expansion into new customer accounts. 📊 1. [Valuation & Key Financial Metrics]…

Read More “[Research] Samsung Electro-Mechanics (009150) – IBK Securities | Non-IT MLCC · New Customers · 1Q25 Rebound / 2025-01-24” »

Market: KOSPI (000660) Brokerage : Shinhan Securities Analyst : Hyungtae Kim, Hyunseok Yeo Investment Rating : BUY (Maintained) Target Price : KRW 290,000 (Maintained) Core Momentum : Underpinned by unassailable HBM and eSSD leadership in AI servers, earnings are projected to bottom out in 1Q25 and resume robust growth in 2Q, propelled by new server…

Read More “[Research] SK hynix (000660 / SKHY) – Shinhan Securities | HBM Leadership · 1Q Earnings Trough · 2Q Rebound Resumption / 2025-01-24” »

Market: KOSPI (000660) Brokerage : iM Securities Analyst : Myung-sub Song, Woo-sung Son Investment Rating : Hold (Maintain) Target Price : KRW 240,000 (Raised) Core Momentum : While full-year 2025 earnings forecasts are conservative versus market consensus due to downcycle pressures and extended smartphone inventory digestion, the target price is raised to KRW 240,000 by…

Read More “[Research] SK hynix (000660 / SKHY) – iM Securities | Entering Downcycle · Gradual Accumulation Recommended · Target Price Raised / 2025-01-24” »

Market: KOSPI (000660) Brokerage : IBK Securities Analyst : Un-ho Kim Investment Rating : BUY (Maintained) Target Price : KRW 300,000 (Maintained) Core Momentum : Supported by normalizing AI growth momentum and expanding HBM demand for AI inference, earnings improvements are expected to continue beyond the seasonal 1Q volume contraction, driven by structural Bit Growth…

Read More “[Research] SK hynix (000660 / SKHY) – IBK Securities | Benefiting from AI Demand · 1Q Volume Contraction · Valuation Appeal / 2025-01-24” »