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[Alpha Biz=(Chicago) Reporter Paul Lee] Despite Samsung Electronics' "earning shock" in the fourth quarter of last year, the stock market's target stock price has continued to rise.
It is predicted that earnings will continue to improve this year due to the mood of global semiconductor upturn.
Hi Investment & Securities raised its target stock price from 83,000 won to 87,000 won. Hi Investment & Securities said, "In the DRAM and NAND sectors, shipments will decrease in the first quarter of this year due to the negative base effect in the fourth quarter of last year, but the average selling price (ASP) is expected to increase by about 15% for DRAM and 19% for NAND."
BNK Investment & Securities also raised its target stock price from 82,000 won to 86,000 won, explaining, "Although it is slow, the industry has passed the bottom and is improving, and if advanced countries enter the interest rate reduction cycle in the first half of the year, a full-fledged recovery is expected from the end of the year."
NH Investment & Securities said, "Although the fourth quarter performance did not meet market expectations, the decrease in inventory due to aggressive shipments was positive," adding, "The speed of performance recovery was limited due to the seasonal off-season in the first quarter, but the recent increase in memory selling prices, DRAM turning into surplus, and HBM Considering these factors, it is expected that the pace of performance recovery will accelerate as the second half of the year progresses."
Meanwhile, Samsung Electronics' operating profit in the fourth quarter of last year was 2.8 trillion won, down 35.03% from a year earlier. It fell far short of the 4 trillion won expected by Samsung Electronics and its sales were only at the previous quarter's level.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
