[Click eStock] "Samsung Electronics, Better Performance in the Second Half"

[Asia Economy Reporter Ji Yeon-jin] IBK Investment & Securities announced on the 8th that it maintains a buy rating and a target price of 88,000 KRW for Samsung Electronics, expecting the second half performance to surpass that of the first half.

Kim Un-ho, a researcher at IBK Investment & Securities, said, "The recent decline in Samsung Electronics' stock price has fully reflected concerns about the DRAM market. While a rebound in DRAM prices is unlikely, it is possible that after adjustments in the third quarter, the market will enter a stabilization phase. We expect the weak mobile segment to have bottomed out in the second quarter, and forecast that the second half performance will exceed that of the first half."

Samsung Electronics' provisional sales for the second quarter were recorded at 76.651 trillion KRW, a 1.5% decrease compared to the previous quarter. This slightly missed the forecast. Operating profit during this period was 14 trillion KRW.

Researcher Kim explained, "By business division, based on operating profit compared to the first quarter of this year, semiconductors are expected to lead performance improvement, displays are expected to slightly decrease compared to the first quarter, and mobile is expected to decline significantly compared to the first quarter. We estimate that the decline in DRAM prices will be limited."

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