Samsung Securities lowers Samsung Electro-Mechanics target price

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Fourth-quarter profit is expected to decline 28% sequentially to 161.4 billion won, influenced by seasonal factors, though this would represent a 46% year-on-year increase.“While mobile demand has improved from last year, it hasn’t met first-half expectations, with MLCC orders normalizing after an inventory buildup earlier in the year,” Lee said".

In a report released Monday, analyst Lee Jong-wook projected that Samsung Electro-Mechanics’ operating profit would reach 775 billion won ($580 million) this year, an 11% reduction from previous estimates, and 1.049 trillion won in 2025, down 6%.

While expectations for MLCC recovery have moderated, Lee noted that operating profit margins for MLCC are still expected to improve, rising from 9% last year to 11% this year and 13% in 2025.

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Category: Economy

Markets: South KoreaMali

Topics: Profit Market Billion Samsung Recovery Expected Year Operating Demand Korea Mlcc

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Article Type: News Report

Published On: 2024-10-30 @ 12:32:07 (1 days ago)

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News Source URL: kedglobal.com

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