[Click eStock] "Electric Vehicle Market Rapid Growth... Samsung SDI, LGES Re-evaluated After Listing"

[Asia Economy Reporter Ji Yeon-jin] Hyundai Motor Securities forecasted on the 28th that Samsung SDI will continue to experience growth in the electric vehicle market that exceeds initial expectations despite the semiconductor supply shortage, and that a stock price revaluation will occur after the LG Energy Solution IPO next year.

Kang Dong-jin, a researcher at Hyundai Motor Securities, stated, "The electric vehicle market is generally recording surprises, and with the semiconductor issue expected to be resolved by the second half of next year at the latest, market growth is expected to accelerate further. Recently, the company's stock price has been excessively discounted compared to CATL and the soon-to-be-listed LG Energy Solution (LGES), so we anticipate a stock price revaluation after the LGES IPO."

Samsung SDI is expected to post solid results in line with market forecasts for the fourth quarter of this year. The electric vehicle battery segment is projected to achieve an annual profit. Next year, with the electric vehicle market expected to approach 10 million units, further growth is also anticipated.

Sales for the fourth quarter of this year are expected to reach 4 trillion won, a 17.1% increase compared to the same period last year, and operating profit is projected to rise 8.5% to 405.1 billion won. Researcher Kang said, "Battery sales may be somewhat sluggish due to the semiconductor shortage, but the ESS segment remains in a favorable condition," adding, "The impact of the semiconductor shortage is expected to gradually ease."

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