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[EQUITIES] ‘Samsung Elec-Mechanics to outperform in Q2’

PUBLISHED : June 19, 2017 - 14:53

UPDATED : June 19, 2017 - 14:53

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[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 (glamazon@heraldcorp.com)

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