Category: RESEARCH

Brokerage : Shinhan Securities Analyst : Kang-ho Oh Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Raised) Core Momentum : Proliferation of on-device AI is driving component specification upgrades and expanding applications, accelerating simultaneous price (P) and volume (Q) growth led by the Component division. 📊 1. [Valuation & Key Financial Metrics] 🚀…

Read More “[Research] Samsung Electro-Mechanics (009150) – Shinhan Securities | On-Device AI · MLCC Margin Expansion · Valuation Re-rating / 2024-04-19” »

Market: KOSPI (000660) Brokerage : SK Securities Analyst : Dong-hee Han Investment Rating : BUY (Maintained) Target Price : KRW 250,000 (Raised) Core Momentum : Significant upward revisions to 2024 and 2025 operating profit forecasts driven by high-performance SSD demand rebound and tight HBM supply conditions throughout the year. 📊 1. [Valuation & Key Financial…

Read More “[Research] SK hynix (000660 / SKHY) – SK Securities | HBM Supply Deficit · SSD Recovery · Earnings Upward / 2024-04-15” »

Brokerage : Kyobo Securities Analyst : Bo-young Choi Investment Rating : BUY (Maintained) Target Price : KRW 200,000 (Raised) Core Momentum : Broad-based demand recovery in MLCCs across IT, industrial, and automotive applications, alongside entry into AI FC-BGA mass production in 4Q24 and glass substrate advancements, is projected to accelerate earnings growth. 📊 1. [Valuation…

Read More “[Research] Samsung Electro-Mechanics (009150) – Kyobo Securities | AI MLCC & FC-BGA · Glass Substrate Entry · Earnings Recovery / 2024-04-12” »

Brokerage : Mirae Asset Securities Analyst : Jun-seo Park Investment Rating : BUY (Maintained) Target Price : KRW 190,000 (Maintained) Core Momentum : Expanding high-capacitance MLCC adoption across on-device AI smartphones and xEVs, coupled with rising capacity utilization and favorable export trends, is projected to accelerate earnings growth. 📊 1. [Valuation & Key Financial Metrics]…

Read More “[Research] Samsung Electro-Mechanics (009150) – Mirae Asset Securities | AI & Automotive MLCC · Utilization Recovery · Global Export Momentum / 2024-04-02” »

Market: KOSPI (000660) Brokerage : Daishin Securities Analyst : Seok-hwan Shin Investment Rating : BUY (Initiation) Target Price : KRW 220,000 (Initiation) Core Momentum : Market leadership in HBM3/HBM3E and product mix improvements centered on premium DRAM are expected to drive a turnaround to operating profitability and solid earnings expansion in 2024. 📊 1. [Valuation…

Read More “[Research] SK hynix (000660 / SKHY) – Daishin Securities | HBM Leadership · Product Mix Improvement · Earnings Turnaround / 2024-04-01” »

Market: KOSPI (000660) Brokerage : Shinhan Securities Analyst : Hyoung-tae Kim Investment Rating : BUY (Maintained) Target Price : KRW 220,000 (Raised) Core Momentum : Sustained dominant HBM market share and accelerating memory ASP increases throughout the year are expected to drive upward earnings revisions and a valuation re-rating. 📊 1. [Valuation & Key Financial…

Read More “[Research] SK hynix (000660 / SKHY) – Shinhan Securities | HBM Leadership · ASP Acceleration · Earnings Re-rating / 2024-03-27” »

Market: KOSPI (000660) Brokerage : Hanwha Investment & Securities Analyst : Kwang-jin Kim (RA: Young-joo Choi) Investment Rating : BUY (Maintained) Target Price : KRW 197,000 (Raised) Core Momentum : Solid market position backed by initial HBM3E shipments for H200 and upwardly revised memory price forecasts drive 2024 operating profit projections to KRW 12.7 Trillion….

Read More “[Research] SK hynix (000660 / SKHY) – Hanwha Investment & Securities | HBM3E Expansion · ASP Growth · Operating Profit Upward / 2024-03-22” »

Brokerage : iM Hi Investment & Securities Analyst : Eui-young Koh Investment Rating : BUY (Maintain) Target Price : KRW 185,000 (Maintain) Core Momentum : Earnings recovery driven by generative AI expansion increasing MLCC capacitance/content per set alongside gradual utilization rate improvement 📊 1. [Valuation & Key Financial Metrics] Target Price & Valuation Basis Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – iM Hi Investment | Generative AI · MLCC Content Growth · Utilization Recovery / 2024-03-19” »

Brokerage : SK Securities Analyst : Hyoung-wou Park, Min-gyu Kwon Investment Rating : BUY (Maintain) Target Price : KRW 182,000 (Maintain) Core Momentum : Structural mix improvement driven by on-device AI and expanding automotive/server demand, underpinning an earnings recovery inflection from 1Q24 📊 1. [Valuation & Key Financial Metrics] Target Price & Valuation Basis Financial…

Read More “[Research] Samsung Electro-Mechanics (009150/KS) – SK Securities | On-Device AI · High-End MLCC · Revenue Mix Transition / 2024-03-14” »

Market: KOSPI (000660) Brokerage : SK Securities Analyst : Dong-hee Han Investment Rating : BUY (Maintained) Target Price : KRW 220,000 (Raised) Core Momentum : Strong productivity from MR-MUF in 8Hi products enables early order visibility for 2025 volumes and secures HBM market dominance, driving upward revisions to 2024 and 2025 operating profit forecasts. 📊…

Read More “[Research] SK hynix (000660 / SKHY) – SK Securities | HBM Dominance · MR-MUF Productivity · Earnings Revision / 2024-03-14” »