Category: RESEARCH

Market: KOSPI (000660) Brokerage : DS Investment & Securities Analyst : Soo-rim Lee Investment Rating : BUY (Maintained) Target Price : KRW 290,000 (Upgraded) Core Momentum : Expanding HBM3e 8-high shipments and smooth 12-high qualification tests, Solidigm fab utilization recovery via QLC eSSD, and 2025 earnings upgrades driven by doubling HBM shipments 📊 1. [Valuation…

Read More “[Research] SK hynix (000660 / SKHY) – DS Investment & Securities | HBM & QLC eSSD Growth · 2025 Earnings Upgrade · Target Price Raised / 2024-06-24” »

Market: KOSPI (000660) Brokerage : Daishin Securities Analyst : Seok-hwan Shin Investment Rating : BUY (Maintained) Target Price : KRW 265,000 (Upgraded, +15.2%) Core Momentum : Operating profit forecast upgrades for 2024/2025 (KRW 21.6T / KRW 31.9T) driven by full-quarter 8-high HBM3E recognition and expanding eSSD demand, alongside 12-high HBM3E shipments in 2H25 📊 1….

Read More “[Research] SK hynix (000660 / SKHY) – Daishin Securities | 2Q24 Beat Outlook · 2024/2025 Earnings Upgrades · Target Price Raised / 2024-06-19” »

Market: KOSPI (000660) Brokerage : Hanwha Investment & Securities Analyst : Kwang-jin Kim (RA Yeong-ju Choi) Investment Rating : BUY (Maintained) Target Price : KRW 280,000 (Upgraded) Core Momentum : Sustained competitive advantage from a near-monopoly in HBM3E, strong HBM revenue growth (KRW 10.9T in 2024 / KRW 19.6T in 2025), TSMC partnership for custom…

Read More “[Research] SK hynix (000660 / SKHY) – Hanwha Investment & Securities | HBM Monopoly Advantage · TSMC Collaboration · Target Price Raised / 2024-06-19” »

Brokerage : SK Securities Analyst : Hyoung-woo Park Investment Rating : BUY (Maintained) Target Price : KRW 213,000 (Raised) Core Momentum : Surging MLCC content per box driven by on-device AI proliferation—even without broader set volume growth—combined with structural mix expansion in automotive and AI server applications is projected to drive an earnings upcycle. 📊…

Read More “[Research] Samsung Electro-Mechanics (009150) – SK Securities | AI Device Penetration · Automotive & Server Mix · Earnings Rebound / 2024-06-05” »

Brokerage : Eugene Investment & Securities Analyst : Seung-woo Lee, So-jeong Yim Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Raised) Core Momentum : Continued product mix optimization toward AI and automotive segments, coupled with a substrate recovery driven by general server upgrades and enterprise PC replacement cycles, is projected to drive structural…

Read More “[Research] Samsung Electro-Mechanics (009150) – Eugene Investment & Securities | AI & Automotive Mix · Substrate Replacement Cycle · Earnings Recovery / 2024-05-31” »

Brokerage : Daishin Securities Analyst : Kang-ho Park Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : The commercial rollout of AI server FC-BGA substrates in H2 2024 and expanding exposure to high-value industrial and automotive MLCCs are projected to accelerate structural portfolio transformation and earnings growth. 📊 1. [Valuation…

Read More “[Research] Samsung Electro-Mechanics (009150) – Daishin Securities | AI Server Substrate · Automotive & Industrial MLCC · Portfolio Transformation / 2024-05-22” »

Brokerage : IBK Securities Analyst : Un-oh Kim Investment Rating : BUY (Maintained) Target Price : KRW 190,000 (Raised) Core Momentum : An earlier-than-expected earnings rebound driven by expanding non-IT MLCC share and substrate growth across server, network, and automotive sectors is projected to sustain quarterly earnings momentum throughout 2024. 📊 1. [Valuation & Key…

Read More “[Research] Samsung Electro-Mechanics (009150) – IBK Securities | Faster Rebound · Non-IT MLCC · Substrate Recovery / 2024-04-30” »

Brokerage : Kiwoom Securities Analyst : So-won Kim Investment Rating : BUY (Maintained) Target Price : KRW 190,000 (Maintained) Core Momentum : Expanding MLCC profitability driven by high-value AI server and automotive demand—easing Yen depreciation concerns—combined with H2 substrate momentum in AI PCs and servers, is projected to sustain earnings growth. 📊 1. [Valuation &…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kiwoom Securities | MLCC Profitability · AI Server Demand · Substrate Momentum / 2024-04-30” »

Brokerage : Shinhan Securities Analyst : Kang-ho Oh Investment Rating : BUY (Maintained) Target Price : KRW 210,000 (Raised) Core Momentum : Proliferation of the AI market is driving high-value product mix expansion and simultaneous price (P) and volume (Q) gains across MLCCs and package substrates, accelerating earnings recovery. 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – Shinhan Securities | AI Market Proliferation · High-Value MLCC Mix · Earnings Turnaround / 2024-04-30” »

Brokerage : HI Investment & Securities Analyst : Eui-young Koh Investment Rating : BUY (Maintained) Target Price : KRW 185,000 (Maintained) Core Momentum : Rising high-capacitance MLCC requirements driven by generative AI and expanding high-value FC-BGA substrates for AI servers and PCs are expected to accelerate structural business upgrading. 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – HI Investment & Securities | AI & Automotive Mix · Substrate Expansion · Structural Upgrading / 2024-04-30” »