[Click eStock] "Semiconductor Industry Clearly Past Bottom... Samsung Electronics Target Price 95,000"

Hana Securities announced on the 28th that it is raising the target price for Samsung Electronics from the previous 78,000 KRW to 95,000 KRW.

Samsung Electronics reported an operating profit of 668.5 billion KRW for the second quarter of this year, according to a disclosure made the previous day. This represents a 95.26% decrease compared to the same period last year. The semiconductor division alone posted a loss of 4.36 trillion KRW. However, this figure shows a slight improvement (6%) compared to the previous quarter.

Hana Securities expects Samsung Electronics to continue its performance improvement in the third and fourth quarters of this year, centered on DRAM. DRAM inventory began to shrink from the second quarter due to production cuts by suppliers and the completion of inventory adjustments by customers, and this trend is expected to continue through the second half of the year.

Kim Rok-ho, a researcher at Hana Securities, stated, "Since clear signals of passing the bottom in the semiconductor market have been detected, we believe the upward trend in performance and market conditions is secured." He added, "In the second half of the year, operating profit in the display division is also expected to be favorable due to new product launches by North American customers." He further noted, "In the foundry division, orders from leading global customers continue, so competitiveness and valuation rerating in the non-memory division can also be expected."

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