Category: RESEARCH

Brokerage : Mirae Asset Securities Analyst : Jun-seo Park Investment Rating : BUY (Maintained) Target Price : KRW 190,000 (Maintained) Core Momentum : Rising adoption of high-value components across AI devices, servers, and automotive applications is projected to drive blended ASP expansion and support steady earnings recovery into the second half. 📊 1. [Valuation &…

Read More “[Research] Samsung Electro-Mechanics (009150) – Mirae Asset Securities | AI & Automotive MLCC · Blended ASP Expansion · Utilization Recovery / 2024-04-30” »

Brokerage : SK Securities Analyst : Hyoung-woo Park, Min-gyu Kwon Investment Rating : BUY (Maintained) Target Price : KRW 195,000 (Raised) Core Momentum : Surging high-end MLCC content per unit across AI servers and autonomous vehicles, alongside high-value product mix optimization, is projected to accelerate the earnings upcycle. 📊 1. [Valuation & Key Financial Metrics]…

Read More “[Research] Samsung Electro-Mechanics (009150) – SK Securities | AI & Autonomous MLCC · Product Mix · Structural Shift / 2024-04-30” »

Brokerage : Daishin Securities Analyst : Kang-ho Park Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Expanding on-device AI integration across smartphones and PCs, alongside concurrent volume and pricing expansion in MLCCs and substrates, is projected to accelerate earnings growth starting from Q2 2024. 📊 1. [Valuation & Key…

Read More “[Research] Samsung Electro-Mechanics (009150) – Daishin Securities | On-Device MLCC Growth · P & Q Expansion · Valuation Multiple Expansion / 2024-04-30” »

Brokerage : Hana Securities Analyst : Rok-ho Kim, Young-gyu Kim Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Comprehensive product mix enrichment driven by rising demand for AI server/automotive MLCCs and high-end FC-BGA substrates is projected to create steady quarterly earnings upside potential. 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – Hana Securities | Product Mix Expansion · AI Server MLCC · FC-BGA Demand / 2024-04-30” »

Brokerage : Kyobo Securities Analyst : Bo-young Choi Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Rising high-spec MLCC content across AI servers and automotive segments, paired with a recovery in packaging substrates and future glass substrate initiatives, is expected to sustain earnings expansion. 📊 1. [Valuation & Key…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kyobo Securities | High-Value Mix · Utilization Recovery · Glass Substrate / 2024-04-30” »

Brokerage : DS Investment & Securities Analyst : Dae-hyung Cho Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Maintained) Core Momentum : Expanding demand for high-value substrates in on-device AI and AI accelerators, coupled with product mix improvements in automotive and industrial MLCCs, is projected to accelerate company-wide earnings recovery. 📊 1. [Valuation…

Read More “[Research] Samsung Electro-Mechanics (009150) – DS Investment & Securities | AI Proliferation · High-Value Mix · Earnings Recovery / 2024-04-30” »

Market: KOSPI (000660) Brokerage : Kiwoom Securities Analyst : Yuak Pak (Semiconductor) Investment Rating : Marketperform (Maintain) Target Price : KRW 180,000 (Downgraded) Core Momentum : Strong 1Q24 beat driven by one-off inventory reversals and 2Q24 OP projected at KRW 4.3T, offset by rising risks of 2H HBM competition, potential oversupply, and AI sentiment peak-out…

Read More “[Research] SK hynix (000660 / SKHY) – Kiwoom Securities | HBM Competition Intensification Risks · AI Peak-out Sentiment · Target Price Trimmed / 2024-04-26” »

Market: KOSPI (000660) Brokerage : Yuanta Securities Korea Analyst : Gil-hyun Baik (Semiconductor, USCPA) Investment Rating : BUY (Maintained) Target Price : KRW 230,000 (Upgraded) Core Momentum : 1Q24 earnings beat with NAND returning to operating profit after 6 quarters, expanding moat in Customized Memory driven by 2H24 ASIC market growth and 7th-gen HBM transitions…

Read More “[Research] SK hynix (000660 / SKHY) – Yuanta Securities | Customized Memory Moat · NAND Turnaround · Target Price Upgraded / 2024-04-26” »

Market: KOSPI (000660) Brokerage : Hi Investment & Securities Analyst : Myung-sub Song Investment Rating : Hold (Maintained) Target Price : KRW 195,000 (Downgraded) Core Momentum : Strong 1Q24 beat and 2Q24 OP projected at KRW 6.1T, offset by intensifying HBM competition from Micron and Samsung, alongside potential OECD leading indicator downturns prompting a target…

Read More “[Research] SK hynix (000660 / SKHY) – Hi Investment & Securities | Intensifying HBM Competition · OECD Leading Indicator Risks · Target Price Lowered / 2024-04-26” »

Market: KOSPI (000660) Brokerage : Shinhan Securities Analyst : Hyoung-tae Kim (Senior Research Analyst) Investment Rating : BUY (Maintained) Target Price : KRW 220,000 (Maintained) Core Momentum : 1Q24 beat and NAND turnaround after 7 quarters driven by steep ASP gains, continued capacity discipline despite M15X fab investment, and full-year operating profit projected at KRW…

Read More “[Research] SK hynix (000660 / SKHY) – Shinhan Securities | Elevated Earnings Visibility · Disciplined Supply · BUY Rating & Target Price Maintained / 2024-04-26” »