[Click eStock] "Samsung Electronics, Target Price 80,000 Won... Reflecting Non-Memory Semiconductors"

Hana Financial Investment Issues 'Buy' Rating and 80,000 KRW Target Price... Closing Price on 30th at 59,000 KRW

[Asia Economy Reporter Kum Bo-ryeong] The target price for Samsung Electronics has been raised to 80,000 won as the possibility of a valuation premium for the non-memory semiconductor business has been reflected.

On the 31st, Hana Financial Investment gave Samsung Electronics a 'Buy' rating with a target price of 80,000 won. The target price was revised upward from the previous 66,000 won. The closing price on the 30th was 59,000 won.

Kim Kyung-min, a researcher at Hana Financial Investment, explained, "The reason for raising the target price is that it is finally time for the valuation premium possibility of the non-memory semiconductor business to be reflected in the stock price," adding, "Last year, Qualcomm and Apple's patent litigation settlement, the US-China trade dispute, TSMC's US fab expansion, and Intel's delay in transitioning to fine process technology occurred simultaneously, narrowing down companies capable of transitioning to sub-7nm fine process to TSMC and Samsung Electronics."

He continued, "The contribution of US customers to Samsung Electronics' non-memory business sales has started to increase significantly," and added, "Regardless of which company Intel entrusts foundry production for CPUs, GPUs, chipsets, or other products, there will be no clear winners or losers, and a trickle-down effect will occur across the foundry industry, so both TSMC and Samsung Electronics are expected to benefit."

Hana Financial Investment estimated Samsung Electronics' operating profit for the third quarter at 10.1 trillion won, expecting strong performance in the IT & Mobile (IM) and Consumer Electronics (CE) sectors. The estimated operating profits by division are 5.6 trillion won for semiconductors, 900 billion won for displays, 1 trillion won for CE, and 2.6 trillion won for IM.

This content was produced with the assistance of AI translation services.