Following the rise of ‘Palman Electronics’, until next week’s performance announcement… They say the ants are excited

2024-03-30 12:33:00

Samsung headquarters building in Seocho-gu, Seoul. [사진출처 = 연합뉴스]

As the first quarter earnings announcement of Samsung Electronics, a large semiconductor company representing the domestic stock market, approaches next week, investor interest is gathering. As Samsung Electronics, which had an operating profit of 640 billion won in the first quarter of last year, is expected to make an operating profit of 5 trillion won in the first quarter of this year, attention is being paid to whether it can approach the ‘100,000 Electronics’ mark.

According to the stock market on the 30th, Samsung Electronics closed trading at 82,400 won on the 29th, up 1,600 won (1.98%) from the previous day. After finishing trading at 80,800 won on the 28th, trading was closed at 80,000 won for two consecutive days.

Samsung Electronics regained ‘Palman Electronics’ following 2 years and 3 months by touching the 80,000 won level during the day on the 26th. Then, on the 27th, it rose to 81,000 won intraday, recording a high, and the previous day it also reached 82,500 won, setting a new 52-week high for two consecutive days.

In particular, Samsung Electronics’ stock price is attracting attention because its first quarter provisional earnings are scheduled to be announced on the 5th.

On this day, the average forecast (consensus) for Samsung Electronics’ operating profit based on stock information company Fn Guide is 5.0297 trillion won.

Samsung Electronics posted an operating profit of KRW 640.2 billion and KRW 668.5 billion in the first and second quarters of last year, respectively, and rapidly increased to KRW 2.4336 trillion in the third quarter and KRW 2.8247 trillion in the fourth quarter, and is expected to completely escape the semiconductor recession tunnel in the first quarter of this year. .

As Samsung Electronics’ earnings announcement approaches, the earnings outlook is looking positive. Samsung Electronics’ operating profit consensus in February rose from 4.6812 trillion won to 5 trillion won this month. It has easily surpassed the 5 trillion won mark, but forecasts close to 6 trillion won are also emerging. Recently, Hyundai Motor Securities announced an operating profit forecast of 5.953 trillion won.

This is because the performance of Samsung Electronics’ semiconductor division is expected to improve during this period.

KB Securities predicted that Samsung Electronics’ memory semiconductor (DS) division’s operating profit in the first quarter of this year would be 900 billion won, turning a profit for the first time in five quarters since the fourth quarter of last year. Thanks to the DS division’s turn to surplus, it is estimated that the semiconductor division will also be able to turn into a surplus.

Kim Dong-won, a researcher at KB Securities, said, “DS and foundry performance, which have been an obstacle to performance improvement, have bottomed out in the first quarter, while concerns regarding the supply of high-bandwidth memory (HBM) are expected to ease from the second half of the year.”

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