DAISHIN SECURITIES analyzed on the 29th that Samsung Electronics is the most preferred stock among large-cap stocks for the second half of the year. The target price has been raised from 74,000 won to 88,000 won, and the investment opinion remains "buy."
DAISHIN SECURITIES researcher Ryu Hyung-geun noted, "Concerns regarding Samsung Foundry have eased due to a large-scale contract signed the previous day," and added, "Samsung Foundry's competitiveness and profit environment have passed the bottom, so the reduction in quarterly operating loss will be more visible than in the second half of the year."
Ryu adjusted the outlook for Samsung Electronics' third-quarter operating profit from the previous 5.8 trillion won to 6.3 trillion won. He explained, "The additional provision risk for high-bandwidth memory (HBM) that the market is concerned about is limited, and growth will begin in general semiconductors."
He continued, "Samsung Electronics has the qualities to become a good stock in the second half of the year, and the market will continue to witness improvements in semiconductor business competitiveness," and emphasized that "it is time to assess the valuation with the improvements in business competitiveness in mind."