“Operating profit of 82 trillion won and sales of 730 trillion won expected in the second quarter”
Recent 23% increase in operating profit forecast over the past three months
Foreign investors purchased 29.6 trillion won worth of Samsung Electronics shares last month
Securities firms: “No reason not to buy…possibility of rally in the second half of the year”,
/Photo=Reporter Choi Hyuk,
, ‘The market’s attention is focused on the Samsung Electronics preliminary second-quarter results scheduled to be announced this week. If Samsung Electronics’ second-quarter performance, which will be the biggest hurdle this year, meets market expectations, it is worth looking forward to a price rally in the second half of the year, according to securities analysts.’,
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, ‘According to the financial investment industry on the 4th, Samsung Electronics will announce its preliminary second-quarter results on the 5th. According to FN Guide, the second-quarter operating profit consensus for Samsung Electronics is expected to reach 8.2055 trillion won, which is a significant increase of 1127.45% compared to the same period last year (668.5 billion won). If Samsung Electronics surpasses 8 trillion won in quarterly operating profit, it will be the first time in two years.’,
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, ‘Securities analysts’ expectations for the second quarter performance are rapidly rising. Just three months ago, Samsung Electronics’ second-quarter operating profit estimate was 6.681 trillion won, showing a 23% increase over the past three months. The second-quarter sales consensus also increased from 71.969 trillion won during this period to 73.702 trillion won, a 3.4% increase.’,
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, ‘The increasing expectations for the performance of the semiconductor (DS) sector, which holds the key to the stock’s direction, are a positive sign for Samsung Electronics. Although sector-specific performance will not be disclosed in the announcement of the second-quarter preliminary results, securities analysts are expecting Samsung Electronics’ semiconductor operating profit to be in the early 4 trillion won range, possibly exceeding 5 trillion won. While Samsung Electronics incurred a 436 billion won deficit in the semiconductor sector in the second quarter of last year, it achieved a profit in the 1 trillion 900 billion won range in the first quarter of this year.’,
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, ‘The recovery of the general semiconductor market is expected to drive this quarterly performance growth. According to the market research firm DRAMeXchange, the spot price for PC DRAM universal product (DDR4 8Gb) in May rose by 16.6% to 2.1 dollars compared to 1.8 dollars in January. Server DRAM product prices also rose by approximately 19%.’,
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, ‘Especially for Samsung Electronics in the second quarter, confirming the performance is essential as the company faced crises due to high bandwidth memory (HBM) quality rumors and leadership changes. Kim Rok-ho, an analyst at Hana Securities, expressed concerns that “there is a possibility of underperforming market expectations in the mobile and consumer electronics (DX) sectors due to concerns about lower-than-expected smartphone shipments this quarter,” but also expected that “the memory sector will offset this.”‘,
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, ‘Foreign investors have been buying a large amount of Samsung Electronics shares in anticipation of a rally. Foreigners recorded the highest net purchase of Samsung Electronics shares of 29.6 trillion won just last month. Considering that foreigners had only a net purchase of 3.8 trillion won of Samsung Electronics shares in May, they are rapidly increasing their purchase size as the earnings announcement approaches.’,
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, ‘There have been successive upward revisions of target prices by securities analysts. On the 27th of last month, Korea Investment & Securities increased Samsung Electronics’ target price to 120,000 won following KB Securities. Researcher Chae Min-suk of this securities firm stated, “The biggest risk to the stock price is the Nvidia HBM certification delay,” and evaluated that “this has already been reflected in the stock price, so additional downside risks are limited.”‘,
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, ‘In addition, Kiwoom Securities, Daishin Securities, and Doal Investment Securities set Samsung Electronics’ target price at 110,000 won. DB Financial Investment and NH Investment & Securities have set a target price of 100,000 won. In the first half of this year, as Samsung Electronics was the only one left out of the AI semiconductor rally, with solid earnings support, securities analysts expect Samsung Electronics to have the greatest potential for stock price increases.’,
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, ‘No Geun-chang, an analyst at Hyundai Motor Securities, said, “There needs to be a reassessment regarding the fact that Samsung Electronics can generate more than 5 trillion won in memory semiconductor operating profit in a quarter without supplying HBM3 to Nvidia,” and mentioned, “If the fact that Samsung Electronics has not supplied HBM3 to Nvidia was a noise factor in the stock price so far, it needs to take an approach that becomes a plus-alpha strategy from now on.”‘,
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