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[Alpha Biz=(Chicago) Reporter Kim Jisun] Samsung Electronics' operating profit in the second half of the year is expected to surge 435% from the first half to KRW 7 trillion, a report showed.
KB Securities presented Samsung Electronics' operating profit forecast for the second half of the year at 7 trillion won. "Operating profit will increase 435.7% from the first half," said Kim Dong-won, a researcher at KB Securities. "We believe that we have confirmed the bottom of our performance in the first half." Samsung Electronics' operating profit for this year is 8.3 trillion won, up 17.1% from the previous estimate.
On a quarterly basis, it is estimated that Samsung Electronics will post 2.3 trillion won in operating profit in the third quarter, up 247.4 percent from the previous quarter. It also expected operating profit of KRW 4.7 trillion in the fourth quarter, up 101.8% from the previous quarter.
Samsung Electronics' stock price has recently weakened, but analysts said it is expected to rebound in the future. KB Securities said, "Samsung Electronics has fallen over the past month due to concerns over AI memory supply, but the stock price is expected to rise as AI memory supply begins in earnest from the fourth quarter." Samsung Electronics closed at 66,300 won, down 0.60% on the same day, down 6.75% from the beginning of this month.
KB Securities offered 90,000 won as Samsung Electronics' target price, and according to FnGuide, Samsung Electronics' average target price was 91,300 won, up 11.75% from 3 months ago (81,700 won).
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
