Samsung SDI Target Price 950,000 Won... Buy Strategy Valid

[Asia Economy Reporter Park Soyeon] Kiwoom Securities maintained a target price of 950,000 KRW and a buy rating for Samsung SDI.

According to FN Guide on the 19th, Kiwoom Securities stated in a recent report, "We slightly lower our expectations for Samsung SDI's Q4 performance," adding, "Due to prolonged semiconductor supply issues, the sales growth of automotive batteries will be limited."

Researcher Kim Jisan of Kiwoom Securities predicted, "Instead, energy storage systems (ESS), cylindrical batteries, and electronic materials will perform well."

Researcher Kim said, "In 2022, automotive batteries will lead profit growth through qualitative improvements centered on Gen5, and cylindrical batteries and electronic materials will also maintain historically high levels of profitability."

He added, "Although the stock price has been adjusted due to macro concerns and competitor listing issues, a buy strategy during corrections appears valid from a mid- to long-term perspective."

He further noted, "The global electric vehicle market grew 133% to 4.67 million units by October, with monthly penetration rates exceeding 10%, marking an important turning point."

Researcher Kim Jisan forecasted, "As a mid- to long-term strategy, the company will maintain a policy of increasing production capacity for medium- and large-sized batteries by 30-40% annually until 2024, with sales growing at the same pace."

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