2023-06-16 01:32:00
[이코노미스트 마켓in 김윤주 기자] The share price of Samsung Electronics (005930) started at 50,000 won this year and crossed the 70,000 won mark at the end of May. However, the stock market is raising expectations for ‘100,000 Electronics’ by raising Samsung Electronics’ target stock one after another.
According to the Korea Exchange on the 16th, as of 10:03 am on the same day, Samsung Electronics is trading at 71,400 won, down 0.14% from the previous trading day. Looking at the stock price trend, following a 0.14% drop from the previous day on the 14th and a 0.56% drop on the 15th, this day is also a’blue light’.
Samsung Electronics’ share price closed at 70,300 won on the 26th of last month, stepping on the ‘70,000 Electronics’ ground. Since then, the stock price seemed to be gaining momentum as it rose to 72,300 won on the 30th of last month, but since then it has been fluctuating and forming a ‘box range’ of 70,000 won.
Even in this situation, the stock market is raising their eyes on Samsung Electronics’ share price. This is because earnings are expected to improve in earnest from the second half of this year due to a decrease in memory semiconductor inventory and an improvement in supply and demand.
On the 13th, KB Securities raised its target price for Samsung Electronics from 85,000 won to 95,000 won.
Kim Dong-won, a researcher at KB Securities, explained the reason behind the higher target price, “DRAM shipments in the second quarter increased by 20% from the previous quarter, inventory began to decrease, and earnings estimates for this year and next year were raised due to the release of HBM3 in the fourth quarter.”
In addition, researcher Kim said, “We also considered that DRAM and NAND prices are expected to turn upward in the fourth quarter due to the improvement in memory semiconductor supply and demand due to the effect of production cuts, and that the price has entered an upward trend for the first time in about two years since the third quarter of 2021.” added.
Hyundai Motor Securities also raised its target stock price from 78,000 won to 87,000 won, saying that earnings will grow as Samsung Electronics expands its foundry business.
Noh Geun-chang, a researcher at Hyundai Motor Securities, predicted, “The utilization rate of Taiwan’s TSMC, the No. 1 global foundry company, will recover from the second half of the year due to the increase in demand for artificial intelligence (AI) semiconductor foundries from Nvidia in the United States and the effect of Apple’s new products.”
Next, researcher Noh said, “The intensifying shortage of engineers in advanced processes (new processes) below 5nm (nanometers/billionths of a meter) is having a positive effect on Samsung Electronics’ expansion of foundry transactions.” ·Semiconductor design company) Customers are diversifying their foundry supply lines recently, which will help Samsung Electronics’ foundry performance next year and beyond.”
Earlier on the 5th, Kiwoom Securities also raised its target stock price for Samsung Electronics from 80,000 won to 90,000 won.
Park Yoo-ak, a researcher at Kiwoom Securities, said, “Samsung Electronics’ operating profit in the third quarter is expected to increase by 531% from the previous quarter to 4 trillion won.” ”, he evaluated.
On the other hand, the consensus of Samsung Electronics’ target stock price among domestic securities companies compiled by financial information company FnGuide is 84,333 as of the 16th.
ⓒThe Economist (“Economic News for Tomorrow” Unauthorized copying and redistribution prohibited)
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