Category: RESEARCH

Brokerage : Yuanta Securities Analyst : Anna Lee Investment Rating : BUY (Maintained) Target Price : KRW 190,000 (Maintained) Core Momentum : Sustaining mid-to-long term structural growth driven by high-end MLCC demand resilience and expanding FC-BGA exposure across AI servers and automotive applications despite 4Q seasonal destocking. 📊 1. [Valuation & Key Financial Metrics] 🚀…

Read More “[Research] Samsung Electro-Mechanics (009150) – Yuanta Securities | High-End MLCC & FC-BGA · AI Server & Automotive · Mid-to-Long Term Growth / 2024-10-30” »

Brokerage : Hana Securities Analyst : Rok-ho Kim, RA: Young-gyu Kim Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained, 12M Target Price) Core Momentum : Securing earnings growth visibility through structural product mix enrichment in AI servers and automotive electronics, transitioning to large-body FCBGA substrate expansion in 2025. 📊 1. [Valuation &…

Read More “[Research] Samsung Electro-Mechanics (009150) – Hana Securities | AI & Automotive Expansion · High-End Mix Improvement · 2025 FCBGA Growth / 2024-10-30” »

Brokerage : Kyobo Securities Analyst : Bo-young Choi Investment Rating : Buy (Maintained) Target Price : KRW 170,000 (Lowered) Core Momentum : Qualitative fundamental improvement through expanding Non-IT exposure (automotive, industrial, AI) across all divisions, paving the way for a sharp earnings turnaround upon IT demand recovery under constrained industry supply. 📊 1. [Valuation &…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kyobo Securities | Non-IT Revenue Expansion · Industrial & Auto Mix · Structural Turnaround / 2024-10-30” »

Brokerage : DS Investment & Securities Analyst : Dae-hyung Cho, RA: Jin-young Kim Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Sustaining structural recovery supported by expanding product mix in AI servers and automotive electronics alongside the ramp of AI accelerator FCBGA substrates despite 4Q seasonal destocking. 📊 1….

Read More “[Research] Samsung Electro-Mechanics (009150) – DS Investment & Securities | High-Value Mix Expansion · Server FCBGA · Historical P/B Floor / 2024-10-30” »

Brokerage : Daishin Securities Analyst : Kang-ho Park Investment Rating : BUY (Maintained) Target Price : KRW 180,000 (Lowered by -10%) Core Momentum : Poised for a 21.2% YoY operating profit expansion in 2025 driven by mid-80% MLCC fab utilization, high-capacitance mix improvement from AI/automotive demand, and the commercial ramp of server FC-BGA substrates. 📊…

Read More “[Research] Samsung Electro-Mechanics (009150) – Daishin Securities | 3Q Solid Results · AI & Automotive Mix · 2025 Profit Recovery / 2024-10-30” »

Market: KOSPI (000660) Brokerage : IBK Securities Analyst : Woon-ho Kim (RA Min-gu Jang) Investment Rating : BUY (Maintained) Target Price : KRW 300,000 (Maintained) Core Momentum : Sustained earnings outperformance and deep valuation discount driven by surging HBM3e share in Graphic DRAM and eSSD-led Blended ASP gains, refuting excessive AI slowdown concerns 📊 1….

Read More “[Research] SK hynix (000660 / SKHY) – IBK Securities | Persistent Outperformance · AI-Driven Growth · Undervaluation Appeal / 2024-10-25” »

Market: KOSPI (000660) Brokerage : Shinhan Securities Analyst : Hyoung-tae Kim (Associate Hyun-suk Yeo) Investment Rating : BUY (Maintained) Target Price : KRW 290,000 (Maintained) Core Momentum : Differentiated earnings growth and structural profitability expansion driven by robust AI server demand for HBM and eSSD, alongside early revenue recognition of 12-high HBM3E 📊 1. [Valuation…

Read More “[Research] SK hynix (000660 / SKHY) – Shinhan Securities | AI Server Demand · HBM Mix Effect · Profitability Differentiation / 2024-10-25” »

Market: KOSPI (000660) Brokerage : Eugene Investment & Securities Analyst : Seung-woo Lee Investment Rating : BUY (Maintained) Target Price : KRW 280,000 (Upgraded) Core Momentum : Expanding structural competitive moat in the HBM market and refuting memory winter concerns through strong multi-application demand forecasts and sustained margin expansion 📊 1. [Valuation & Key Financial…

Read More “[Research] SK hynix (000660 / SKHY) – Eugene Investment & Securities | Strategic HBM Gap · Robust Earnings Growth · Target Price Upgrade / 2024-10-25” »

Market: KOSPI (000660) Brokerage : iM Securities Analyst : Myung-sub Song (IT RA Woo-sung Son) Investment Rating : Hold (Maintain) Target Price : KRW 203,000 (Upgraded) Core Momentum : Capped upside potential as rapid deceleration in PC and smartphone legacy memory and projected 2026 earnings moderation outweigh relative stability from HBM leadership 📊 1. [Valuation…

Read More “[Research] SK hynix (000660 / SKHY) – iM Securities | Legacy Memory Deceleration · Relative HBM Stability · Hold Rating Maintained / 2024-10-25” »

Market: KOSPI (000660) Brokerage : Yuanta Securities Korea Analyst : Gil-hyun Baik Investment Rating : BUY (Maintained) Target Price : KRW 260,000 (Upgraded) Core Momentum : Sustained global memory leadership into 2025–2026 driven by robust AI server demand for HBM and eSSD alongside upcoming new server CPU platform launches, overcoming legacy cyclical concerns 📊 1….

Read More “[Research] SK hynix (000660 / SKHY) – Yuanta Securities | AI Server Demand · Memory Leadership · Target Price Upgrade / 2024-10-25” »