Samsung Electronics Seocho office (photo = Yonhap news)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] KB Securities raised Samsung Electronics' operating profit estimate for this year, saying it is expected to improve its memory semiconductor performance on the 28th.

"In the case of Samsung Electronics, the performance of memory semiconductor and foundry, which have been obstacles to performance improvement, will be at the bottom from the first quarter," KB Securities said. "We also expect to ease concerns about the supply of HBM (high-bandwidth memory) from the second half of the year."

"In particular, DRAM and NAND prices will rise this year from last year, and trillions of won in inventory valuation losses will be reversed to profits," KB Securities said. "This year's memory semiconductor operating profit will improve from last year to 15.3 trillion won."

As a result, the company raised its previous estimate (33.6 trillion won) by 3 percent this year, predicting Samsung Electronics' annual operating profit to 34.43 trillion won, up 418 percent from last year.

He predicted that operating profit in the first quarter will exceed the consensus (4.9 trillion won) by recording 5.7 trillion won due to improved performance of memory semiconductors and smartphones (DX).

Researcher Kim maintained his investment opinion on Samsung Electronics as 'buy' and his target price at 95,000 won.

On the previous day, Samsung Electronics closed at 79,800 won, down 0.13% from the previous day.

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