Samsung Electronics’ 4th quarter is’to hide’… Operating profit expected to reach 9 trillion won

Expected to slightly slow down profits on weak dollar… This year’s earnings outlook is’clear’

(Seoul = Yonhap News) Reporter Aram Kim = Samsung Electronics[005930]Stock prices have slightly lowered their view of the fourth quarter of last year.

According to F&Guide, a financial information company on the 3rd, Samsung Electronics’ forecast (consensus) for the 4Q 2020 operating profit of Samsung Electronics as of the end of last year was 9.7 trillion won, up 36.08% from the fourth quarter of 2019.

However, earnings forecasts have been slightly lowered recently. This is a decrease of 4.10% compared to 10,161 billion won a month ago.

In the third quarter of last year, Samsung Electronics posted an operating profit of 12.35 trillion won, the highest performance in two years. It was the first time in seven quarters that the quarterly operating profit exceeded KRW 10 trillion.

However, it is prevailing in the observation that profits would have slowed somewhat in the fourth quarter than in the third quarter due to the weak dollar and the re-proliferation of the novel coronavirus infection (Corona 19).

Seung-Woo Lee, Eugene Investment & Securities, who expects Samsung Electronics’ 4Q operating profit of KRW 9.40 trillion[001200] The researcher predicted that, “due to the weak dollar, semiconductor profits will only fall to 4.3 trillion won, down from 5 trillion won in the third quarter.”

In addition, he added, “Due to the European lockdown (blockade), smartphone shipments decreased by 20 million units compared to the third quarter, and sales decline is inevitable.” “Accordingly, IT and mobile profits also decreased significantly compared to KRW 4.5 trillion in the third quarter. It is expected to be 600 billion won,” he added.

Yoo Jong-woo and Lim Ye-rim, a researcher at Korea Investment & Securities, projected an operating profit of 9 trillion won and said, “As the won continued to strengthen throughout the fourth quarter, there was a negative impact on the profits of the parts business.” “Smart phone shipments were also 60 million units, 7% less than expected. I will do it.”

Still, there are positive outlooks for Samsung Electronics’ earnings this year and the semiconductor industry.

Do-yeon Choi and Seong-jun Na, a researcher at Shinhan Financial Investment, predicted that “semiconductors will lead the performance improvement thanks to the co-improvement of memory and non-memory. In particular, memory semiconductors are expected to continue improving their earnings until the first half of 2022.”

They estimate that this year’s operating profit for Samsung Electronics will increase by 31.7% from last year to 47.55 trillion won.

Seung-Woo Lee, a researcher at Eugene Investment & Securities said, “In 2021, expectations for overcoming Corona 19 through vaccines and recovery of global trade will increase, and the memory cycle will also enter an upward phase.” Edo-friendly environment will be created.”

In particular, the stock market recently raised the target price of Samsung Electronics in anticipation of an improvement in the semiconductor industry. So far, 11 securities firms have offered a target price of 90,000 won for Samsung Electronics.

In a report published at the end of last year, researcher Geun-Chang Roh and Chan-ho Park of Hyundai Motor Securities raised the target price of Samsung Electronics from 80,000 won to 91,000 won. The stock price is far exceeding the market rate due to demand, etc.,” he explained.

[email protected]

Unauthorized reproduction-prohibition of redistribution>
2021/01/03 06:31 sent