[EQUITIES] ‘Samsung Elec-Mechanics to outperform in Q2’
[THE INVESTOR] Samsung Electro-Mechanics will beat market expectations in the second quarter, said Hana Financial Investment on June 19, raising the target price to 110,000 won (US$97.23) from 98,000 won.
Its revenue will rise 7 percent on-year to 1.73 trillion won and operating profit will soar 519 percent to 92.9 billion won, estimated analyst Kim Rok-ho, adding that earnings could improve further in the second half.
Its second-half revenue will leap 35 percent on-year as supplies of dual camera will lead to an expansion while operating profit will double from the first half boosted by new customers, said the analyst.
By Hwang You-mee (firstname.lastname@example.org)