[Alpha Biz= Reporter Kim Minyoung] On the 22nd, Daishin Securities forecasted that Samsung SDI would see a rise in its revenue from artificial intelligence (AI) in the latter half of this year, leading to an increase in its stock price. The investment rating remains "buy," with the target price maintained at 200,000 won, unchanged from before. The closing price of the previous trading day was 158,400 won.
Daishin Securities stated, "In terms of operating profit, we forecast a 19.1% increase year-on-year in the second quarter and a 38.5% increase annually," adding, "We anticipate long-term growth through increased sales in the MLCC (multi-layer ceramic capacitor) and FC BGA (flip chip ball grid array) businesses within the AI environment, as well as expanded investments in the automotive industry, including autonomous driving and electric vehicles, and in the server and data center sectors, the growth drivers of the 2020s."
For the second quarter, Daishin Securities projected Samsung SDI's operating profit to reach 8.855 trillion won, up 19.1% from the same period last year, and the annual operating profit to increase by 38.5% year-on-year. This forecast is based on the recovery of the IT sector since the first quarter, progress in improving capacity utilization rates, and the visibility of inventory accumulation by major industries.
Furthermore, Daishin Securities anticipated an increase in the production of industrial and automotive MLCCs after the second quarter, leading to an expected rise in average selling prices (ASPs). They also predicted an operating profit margin of around 10% in the latter half of the year, driven by the peak season for IT and an increased share of industrial and automotive MLCCs. They emphasized the pivotal role of MLCCs in driving overall profit growth.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
