Foreign-affiliated, Samsung Electronics target price increases
CLSA, Nomura, etc. also presented around 100,000 won
Photo = REUTERS
Overseas securities companies are showing positive share price outlook for Samsung Electronics. Their target price is around KRW 100,000, which is about 10% higher than the latest price.
According to major foreign media on the 14th, Japanese investment bank Daiwa Capital Market recently raised its target price from 90,000 won to 115,000 won while maintaining a’buy’ opinion on Samsung Electronics. An analyst at Lee Investment Bank said, “The earnings outlook for 2021-2022 is positive, and shareholder return policies such as dividends and treasury stock purchases will come out one after another, which will raise the stock price.”
CLSA, a Hong Kong-based securities firm, proposed a target price of 110,000 won for Samsung Electronics. San Gibrana, an analyst at the securities firm, said, “The decline in dependence on the results of foundry (consignment production of semiconductors), image sensors, application processors, automotive semiconductors, and business cycle memory will lead Samsung Electronics’ share price to a revaluation phase in the mid to long term.” Explained.
Japan’s Nomura Securities also recently proposed a target price of 97,000 won for Samsung Electronics with a’buy’ opinion. Analysts of this securities firm said, “Samsung Electronics’ performance will continue to improve in 2021-2022 due to the memory and foundry supercycle (super boom).”
Samsung Electronics recently announced that “the 4th quarter of last year’s operating profit will increase by 26% year-on-year to 9 trillion won.” Analyst Lana said, “Samsung Electronics’ operating profit will increase by 46% this year thanks to an increase in the average selling price of DRAM semiconductors and improvement in the performance of the non-memory semiconductor division.” I will do it.”
Samsung Electronics unveiled a new smartphone’Galaxy S21′ on this day. However, foreign securities companies are in the mood to see that “the smartphone business is not a major variable for Samsung Electronics’ share price rise.” Analyst Lana said, “Smart phone business is expected to account for only 24% of Samsung Electronics’ operating profit this year, but semiconductors will account for 61%.”
Reporter Yang Byung-hoon [email protected]
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