DistantNews
Support us
Samsung Electronics' Q2 operating profit estimated at 90 trillion won on memory boom: KB Securities
🇰🇷 South Korea /Economy & Trade

Samsung Electronics' Q2 operating profit estimated at 90 trillion won on memory boom: KB Securities

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

Analysis Named sources Context piece
  • KB Securities estimates Samsung Electronics' Q2 operating profit at 90 trillion won due to a memory chip boom.
  • The firm maintained its 'BUY' rating and raised its target price for Samsung Electronics to 550,000 won.
  • This forecast represents a significant improvement from the previous trading price of 340,500 won.

Samsung Electronics is projected to achieve an operating profit of 90 trillion won in the second quarter, driven by a strong performance in the memory chip market, according to KB Securities. The brokerage firm has reiterated its 'BUY' recommendation for the tech giant and increased its target stock price from 530,000 won to 550,000 won.

This optimistic outlook contrasts sharply with Samsung Electronics' previous closing price of 340,500 won. The anticipated surge in operating profit is attributed to the ongoing boom in memory chip prices, signaling a substantial recovery and growth for the company.

KB Securities analyst Kim Dong-won highlighted the visible and significant improvement in earnings, largely fueled by the rising memory chip prices. This forecast underscores Samsung Electronics' strong position in the semiconductor industry and its ability to capitalize on market upturns.

Memory price increase is leading to a significant improvement in performance.

— Kim Dong-wonKB Securities Research Head, explaining the basis for the improved earnings forecast.
DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog