Category: RESEARCH

Brokerage : IBK Securities Analyst : Un-ho Kim Investment Rating : BUY (Maintain) Target Price : KRW 180,000 (Maintain) Core Momentum : Faster-than-expected recovery in component and optical divisions alongside expanding Non-IT exposure driving a quarterly earnings uptrend from the 4Q23 trough 📊 1. [Valuation & Key Financial Metrics] Target Price & Valuation Basis Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – IBK Securities | Component Recovery · Non-IT Expansion · Quarterly Earnings Trajectory / 2024-02-27” »

Market: KOSPI (000660) Brokerage : Eugene Investment & Securities Analyst : Seung-woo Lee Investment Rating : BUY (Maintained) Target Price : KRW 180,000 (Raised) Core Momentum : Substantial expansion in total HBM market supply and dominant positioning in HBM3/3E drive upward revisions to 2024 and 2025 operating profit forecasts. 📊 1. [Valuation & Key Financial…

Read More “[Research] SK hynix (000660 / SKHY) – Eugene Investment & Securities | HBM Supply Dominance · Earnings Revision · Valuation Re-rating / 2024-02-26” »

Brokerage : iM Hi Investment & Securities Analyst : Eui-young Koh Investment Rating : Buy (Maintain) Target Price : KRW 185,000 (Maintain) Core Momentum : Quarterly earnings bottoming in 4Q23 on depleted channel inventories, with 2H24 rebound driven by AI server FC-BGA projects and structural growth in automotive MLCCs 📊 1. [Valuation & Key Financial…

Read More “[Research] Samsung Electro-Mechanics (009150) – iM Hi Investment | Demand Visibility · 2H24 Rebound Catalysts · AI & Automotive Mix / 2024-02-13” »

Brokerage : IBK Securities Analyst : Un-ho Kim Investment Rating : BUY (Maintain) Target Price : KRW 180,000 (Maintain) Core Momentum : Reversal to growth starting in 1Q24 following the 4Q23 seasonal trough, underpinned by component recovery and structural expansion into Non-IT applications 📊 1. [Valuation & Key Financial Metrics] Target Price & Valuation Basis…

Read More “[Research] Samsung Electro-Mechanics (009150) – IBK Securities | 4Q23 Seasonality · 1Q24 Inflection · Non-IT Portfolio Growth / 2024-02-01” »

Brokerage : iM Hi Investment & Securities Analyst : Eui-young Koh Investment Rating : Buy (Maintain) Target Price : KRW 185,000 (Maintain) Core Momentum : Structural growth driven by component spec upgrades in on-device AI, AI servers, and automotive electronics amid MLCC industry mean reversion 📊 1. [Valuation & Key Financial Metrics] Target Price &…

Read More “[Research] Samsung Electro-Mechanics (009150) – iM Hi Investment | AI & Automotive Growth · MLCC Long-Term Mean Reversion · Customer Inventory Dynamics / 2024-02-01” »

Brokerage : SK Securities Analyst : Hyoung-wou Park, Min-gyu Kwon Investment Rating : BUY (Maintain) Target Price : KRW 182,000 (Upward) Core Momentum : Disciplined inventory control defending near-term uncertainty, with steady earnings recovery direction supported by high-end MLCCs and automotive components 📊 1. [Valuation & Key Financial Metrics] Target Price & Valuation Basis Financial…

Read More “[Research] Samsung Electro-Mechanics (009150/KS) – SK Securities | Inventory Normalization · High-End MLCC · Mid-to-Long Term Recovery / 2024-02-01” »

Brokerage : Daishin Securities Analyst : Kang-ho Park Investment Rating : BUY (Maintain) Target Price : KRW 200,000 (Maintain) Core Momentum : Swift 1Q24 profitability turnaround driven by flagship launch effects, post-destocking MLCC utilization recovery, and high-capacitance product mix improvement 📊 1. [Valuation & Key Financial Metrics] Target Price & Valuation Basis Financial Forecast &…

Read More “[Research] Samsung Electro-Mechanics (009150) – Daishin Securities | Flagship Launch Effect · MLCC Utilization Recovery · AI & Mobility Demand / 2024-02-01” »

Brokerage : Hana Securities Analyst : Rok-o Kim, Min-kyung Kim (RA) Investment Rating : BUY (Maintain) Target Price : KRW 185,000 (Maintain) Core Momentum : Sequential profit rebound in 1Q24 driven by flagship smartphone launches following a subdued 4Q23, with room for upside as recovery spreads across PC, server, and automotive in 2H24 📊 1….

Read More “[Research] Samsung Electro-Mechanics (009150) – Hana Securities | 4Q23 Earnings Review · 1Q24 Rebound · Customer Diversification / 2024-02-01” »

Market: KOSPI (000660) Brokerage : Hyundai Motor Securities Analyst : Greg Noh (RA: Dong-uk Youn) Investment Rating : BUY (Maintained) Target Price : KRW 166,000 (Raised) Core Momentum : Better-than-expected memory price increases alongside scheduled 1H HBM3E supply and expanding Near Memory demand drive 2024 operating profit forecasts up to KRW 13.6 Trillion. 📊 1….

Read More “[Research] SK hynix (000660 / SKHY) – Hyundai Motor Securities | Near Memory Expansion · Memory Price Rally · Profitability Turnaround / 2024-01-26” »

Brokerage : iM Hi Investment & Securities Analyst : Eui-young Koh Investment Rating : Buy (Maintain) Target Price : KRW 185,000 (Upward) Core Momentum : Sequential recovery opportunities expanding from Chinese mobile sell-in competition to PC component restocking on lean inventories and on-device AI-driven high-capacitance MLCC demand 📊 1. [Valuation & Key Financial Metrics] Target…

Read More “[Research] Samsung Electro-Mechanics (009150) – iM Hi Investment | Chinese Mobile Rebound · PC Restocking Potential · On-Device AI Spec Upgrades / 2024-01-05” »