Input 2021.04.04 15:06
According to the Korea Exchange on the 4th, on the 2nd, Samsung Electronics closed the transaction at 84,800 won, up 2.29% from the previous trading day. Samsung Electronics’ stock price rose sharply from the end of last year, surpassing 90,000 won at the beginning of the year, and rose to 96,800 won during the intraday on January 11th. However, it has not exceeded the previous high for three months from January 13 to now, and has continued a sideways market at the closing price of 80,000 won. The increase (2.78%) since the beginning of last month did not even reach the KOSPI increase rate (3.31%) during the same period.
As the consensus has recently risen, there is hope for an earnings surprise. Securities companies that recently released reports are holding Samsung Electronics’ first-quarter earnings higher than the consensus.
Cape Investment & Securities predicted Samsung Electronics’ 1Q sales and operating profit of 61.2 trillion won and 9.3 trillion won, respectively. Hi Investment & Securities and KB Securities estimated operating profit at 9.5 trillion won and 910 trillion won, respectively. Recently, securities companies have recorded operating profits of over 9 trillion won.
Park Seong-soon, a researcher at Cape Investment & Securities, said, “Amid strong mobile and PC demand, server customers have resumed purchases. In the case of IM, earnings improvement is expected from the previous quarter due to improved product mix and increased shipments according to the launch effect of Galaxy S21. Told.
In particular, the IM (IT and mobile) division is expected to lead Samsung Electronics’ earnings growth. The semiconductor division is expected to be sluggish due to power outages at the Austin semiconductor plant in the US.
Earlier, the Austin plant was shut down due to a power outage from February 16 (local time). It is the impact of the record cold wave that hit Texas, USA. It is known that the Austin plant has recently entered the normalization phase.
Myung-seop Song, a researcher at Hi Investment & Securities, said, “The performance of the semiconductor division will be sluggish due to the impact of the Austin Line power outage and the rise of the average selling price (ASP), which is slightly lower than that of the competitors, but the IM division’s performance is due to good shipments and cost reduction due to the untouch environment. It is expected to increase significantly compared to the previous quarter.”
The industry is predicting that Samsung Electronics will be able to improve its earnings in the second quarter thanks to increased profits in the semiconductor division. Kim Dong-won, a researcher at KB Securities, said, “Concerns that have contributed to the poor performance of semiconductors in the first quarter of this year will be resolved from the second quarter.” “NAND price increase is expected to increase,” he said.