In early trading on the 29th, Samsung SDI shares are gaining. With outlooks for a turnaround to profit alongside a recovery in earnings in the second half of this year, they are trading above 700,000 won.
As of 9:58 a.m. that day, Samsung SDI was trading at 704,500 won, up 24,500 won (3.6%) from the previous session.
Samsung SDI is being assessed as having posted results in the first quarter of this year that exceeded market expectations.
KB Securities maintained a "buy" rating on Samsung SDI that day based on its earnings improvement and raised its target price 60.4% to 850,000 won from 530,000 won.
Kiwoom Securities also maintained a "buy" rating and raised its target price 70.8% to 820,000 won from 480,000 won. Shinhan Securities likewise maintained a "buy" rating and raised its target price 37.9% to 800,000 won from 580,000 won.
With P6 high-nickel batteries being supplied for Hyundai Motor and Kia's Ioniq 3 and EV2, the expansion in shipments of mid-to-large batteries is also expected to serve as a key factor in Samsung SDI's turnaround to profit in the second half of this year.
Lee Hyun-uk, an analyst at IBK Securities, said, "As North American ESS volumes appear to have already been fully booked through 2028, solid shipments coupled with a recovery in the electric vehicle market will lead to a full-fledged improvement in results," adding, "In the fourth quarter of this year, a turnaround to profit can be expected for the first time in nine quarters."