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Photo = Samsung Electronics |
[Alpha Biz= Reporter Kim Minyoung] DS Investment & Securities said about Samsung Electronics on the 25th that its profit improvement will increase as memory prices increase in the second half of the year, and will maintain its "buy" investment opinion and target of 109,000 won. The closing price of the previous day is 80,600 won.
"The memory price growth rate itself will gradually slow down in the second half of the year, but strong demand for high bandwidth memory (HBM) is eroding 1a and 1b wafer capa, and on the other hand, suppliers' new investment stance is still conservative, so it is still too early to discuss the end of the cycle," said DS Investment & Securities.
"The fact that some signs of investment recovery in general servers have been detected recently and that prices of DDR5 spots are also rising is also encouraging," DS Investment & Securities said. "The company has the advantage of having more investment resources and fab space that can be expanded compared to its competitors, which will also increase the attractiveness of investment in the event of a rebound in IT demand."
This year's sales rose 19% year-on-year to 308.8 trillion won and operating profit rose 470% to 37.4 trillion won.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
