[Click eStock] "Samsung Electronics, Expected Benefits from Memory Price Increase and Shipment Growth"

[Asia Economy Reporter Lee Jung-yoon] DB Financial Investment maintained a buy rating and a target price of 100,000 KRW for Samsung Electronics on the 21st, forecasting that the company will achieve record-breaking earnings.

Samsung Electronics' first-quarter sales this year are expected to reach 76.9 trillion KRW, a 17.7% increase compared to the previous year, and operating profit is projected to rise 34.6% to 12.6 trillion KRW, meeting market expectations.

Furthermore, Samsung Electronics' annual performance this year is analyzed to achieve record-high results with sales of 319.6 trillion KRW and operating profit of 64.8 trillion KRW. DB Financial Investment researcher Eo Gyu-jin explained, "Due to recent supply shortages caused by issues such as the Kioxia NAND contamination, a price rebound in NAND is expected in the second quarter of this year," adding, "Entering the peak season in the third quarter, Samsung Electronics is expected to achieve a record quarterly operating profit in the 19 trillion KRW range due to rising memory prices and increased shipments."

Researcher Eo also stated, "Samsung Electronics' stock price fell sharply in the short term due to global issues such as the recent sharp decline in global IT companies' stock prices, the Nasdaq index plunge, and the Russia-Ukraine war," adding, "However, due to production issues at competitors and shortages of some components, the rebound in memory prices is progressing faster than expected, marking a point where clear performance improvements are anticipated."