[THE INVESTOR] Samsung Electro-Mechanics’ third-quarter earnings will be the highest this year, said Daishin Securities on July 24, maintaining a “buy” recommendation, raising the target price to 130,000 won (US$116.70) from 110,000 won.

Its second-quarter revenue surged 366 percent on-year to 70.7 billion won but slightly missed market expectations, estimated analyst Park Gang-ho.
In the third quarter, however, its operating profit will reach 124.5 billion won, as revenue from global strategic partners increases, and it secures new supply deals, said the analyst. 

In particular, its whole year revenue from camera modules in 2017 will reach 2.7 trillion and leap to 3.8 trillion won next year, as Samsung Electronics Galaxy Note 8 opts for dual cameras, noted Park. 

By Hwang You-mee (glamazon@heraldcorp.com)