[Alpha Biz=(Chicago) Reporter Paul Lee] Daishin Securities evaluated Samsung Electro-Mechanics on the 22nd that profitability in the AI and electronics sectors will also improve as it expects demand for global IT devices to increase year-on-year based on the base effect. The investment opinion was 'buy' and the target price was 'maintain' 200,000 won. The closing price of the previous trading day was 135,900 won.

"We expect demand for global IT devices to increase on-year based on the base effect," Daishin Securities said. "We predict that Samsung Electro-Mechanics' profitability will improve as global investment in AI (generative + on-device) and electronics fields expands."

Daishin Securities predicted that Samsung Electro-Mechanics' operating profit in the first quarter of this year will rise 23.4% year-on-year to 172.9 billion won. Sales rose 19.6 percent to 2.42 trillion won over the same period. It is more than 9.4% of the operating profit consensus.

This is based on expectations that profitability will improve faster than other electronic parts makers. Samsung Electronics' release of the Galaxy S24 and initial sales were strong, and sales of camera modules and MLCCs are expected to increase as the proportion of Ultra, a premium model, is close to 60%.

Daishin Securities also expected additional operating profit margins to improve due to the mix effect. Sales of camera modules are estimated to rise 25.7 percent on-year to 1 trillion won due to a high share of high value-added 200 million-pixel main and foldable zoom cameras, exceeding 1 trillion won on a quarterly basis.

[ⓒ 알파경제. 무단전재-재배포 금지]