Category: RESEARCH

Brokerage : Kyobo Securities Analyst : Bo-young Choi Investment Rating : Buy (Maintained) Target Price : KRW 170,000 (Maintained) Core Momentum : Poised for full-year 2025 earnings expansion driven by expanding Non-IT exposure across AI, robotics, and automotive sectors, supported by China’s trade-in subsidies after passing 4Q24 off-season softness. 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kyobo Securities | Non-IT Mix · China Trade-In Subsidy · 2025 Growth / 2025-01-09” »

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 through simultaneous P and Q expansion in components driven by AI device proliferation and expanding high-value FCBGA orders from global customers. 📊 1. [Valuation & Key Financial Metrics]…

Read More “[Research] Samsung Electro-Mechanics (009150) – Shinhan Securities | High-Value Component Growth · AI Device Expansion · FCBGA / 2025-01-08” »

Brokerage : Mirae Asset Securities Analyst : Jun-seo Park Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Driving an earnings recovery in 2025 supported by component restocking from China’s RMB 130B consumer subsidy policies and surging demand for high-end AI server MLCCs. 📊 1. [Valuation & Key Financial Metrics]…

Read More “[Research] Samsung Electro-Mechanics (009150) – Mirae Asset Securities | China Trade-In Subsidy · High-End MLCC · AI Server / 2025-01-06” »

Market: KOSPI (000660) Brokerage : SK Securities Analyst : Dong-hee Han, Je-min Park Investment Rating : BUY (Maintained) Target Price : KRW 300,000 (Maintained) Core Momentum : Proving strong downcycle resilience via high-value HBM product mix improvements despite commodity price drops, the company is poised to re-enter a profit growth cycle in 2Q25 following a…

Read More “[Research] SK hynix (000660 / SKHY) – SK Securities | Proven Downcycle Resilience · 2Q Profit Growth Resumption · Target Price Maintained / 2025-01-06” »

Brokerage : Kiwoom Securities Analyst : So-won Kim Investment Rating : BUY (Maintain) Target Price : KRW 180,000 (Lowered) Core Momentum : Poised for earnings and valuation recovery in 2025 past the 4Q24 trough, driven by expanding content of high-capacitance MLCCs and commercial delivery of AI accelerator FC-BGA substrates to global Big Tech customers. 📊…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kiwoom Securities | AI Hardware Penetration · High-End MLCC & FC-BGA · Valuation Normalization / 2024-12-17” »

Brokerage : Meritz Securities Analyst : Seung-soo Yang Investment Rating : Buy (Maintained) Target Price : KRW 165,000 (Maintained) Core Momentum : Qualitative transformation driven by an expanding revenue share from server and automotive applications alongside rising MLCC ASP, securing high earnings visibility for 2025. 📊 1. [Valuation & Key Financial Metrics] 🚀 2. [Market…

Read More “[Research] Samsung Electro-Mechanics (009150) – Meritz Securities | Server & Automotive Exposure · MLCC ASP Growth · Structural Profitability / 2024-12-13” »

Brokerage : Hana Securities Analyst : Rok-ho Kim, RA: Kang-ho Park Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained, 12M Target Price) Core Momentum : Proving structural earnings resilience through expanding automotive/industrial MLCC mix up to 48%, supported by consumer sentiment recovery from China’s smartphone subsidies. 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – Hana Securities | Automotive & Industrial MLCC Mix · China Subsidies · Sentiment Recovery / 2024-12-12” »

Brokerage : iM Securities Analyst : Eui-young Ko, Associate: Woo-sung Son Investment Rating : Buy (Maintain) Target Price : KRW 180,000 (Maintained) Core Momentum : Bolstering bottom-up fundamental quality through expanding exposure to AI server MLCCs and Big Tech ASIC FC-BGA, supported by favorable top-down macro shifts in China stimulus and Yen stabilization. 📊 1….

Read More “[Research] Samsung Electro-Mechanics (009150) – iM Securities | Bottom-Up Fundamentals · AI Server & Auto Exposure · Top-Down Shift / 2024-12-11” »

Market: KOSPI (000660) Brokerage : Eugene Investment & Securities Analyst : Seung-woo Lee Investment Rating : BUY (Maintained) Target Price : KRW 220,000 (Lowered) Core Momentum : While full-year earnings forecasts and the Target P/B multiple are revised down from 2.0x to 1.8x to reflect sluggish IT demand, inventory corrections, and macro/geopolitical risks, BUY rating…

Read More “[Research] SK hynix (000660 / SKHY) – Eugene Investment & Securities | Macro/Political Risks · Valuation Adjustment · Target Price Lowered / 2024-12-09” »