On the morning of the 11th, Samsung Electro-Mechanics hit a 1-year high.
As of 9:21 a.m. on the 11th, Samsung Electro-Mechanics was trading at 189,000 won on the Korea Exchange, up 8,500 won (4.71%) from the previous trading day. Early in the session, it rose to 190,000 won, setting a new 1-year high.
It is interpreted as being driven by positive earnings prospects. Oh Kang-ho, a researcher at Shinhan Investment, said the same day, "Samsung Electro-Mechanics proved the strength of each business in the first half despite a slowdown in earnings across the sector, and it is maintaining its status as the top pick in the sector as second-half earnings estimates are revised upward," adding, "It has entered a valuation re-rating phase."
DAISHIN SECURITIES also said the same day, "Operating profit is expected to return to the 1 trillion won range next year," adding, "Given the expanding cooperation with global big tech such as Tesla, Amazon, and AMD, this is a time when a valuation re-rating is needed." It then raised its target price from 200,000 won to 225,000 won.