Samsung Electro-Mechanics shares surged on the 13th, joining the ranks of so-called "emperor stocks" (shares priced at 1 million won or more per share) for the first time ever that day.
As of 1:56 p.m. that day, Samsung Electro-Mechanics was trading at 1,037,000 won, up 79,000 won (8.25%) from the previous session. Earlier, on the 12th, Samsung Electro-Mechanics had also risen more than 6%.
Samsung Electro-Mechanics' share price has been climbing sharply this year, as the company draws attention as an artificial intelligence (AI) infrastructure play. Priced in the 270,000-won range at the start of the year, the stock had risen 284% as of that day.
Kyobo Securities on the 11th raised its target price to 1.2 million won, forecasting Samsung Electro-Mechanics' sales at 13.30578 trillion won and operating profit at 1.5352 trillion won for this year.
Choi Bo-young, an analyst at Kyobo Securities, said, "With historic-strength demand for AI server data centers coinciding with a constrained supply structure, the intensity of the component (MLCC) and flip-chip ball grid array (FC-BGA) cycles is tightening on a monthly basis."