[Market Focus]"Earnings Improvement Expectations" Lift Samsung SDI Over 4%

Samsung SDI is on an upward trend on expectations of improved earnings.

As of 1:50 p.m. on the 3rd, Samsung SDI was trading at 370,500 won, up 4.07% (14,500 won) from the previous trading day.

In a report released this day, Hanwha Investment & Securities raised its target price for Samsung SDI by 22.9% to 430,000 won and maintained its "buy" investment rating.

Lee Yongwook, an analyst at Hanwha Investment & Securities, said, "Even amid uncertainty in the European market, we expect entry into mid- to low-priced models supplied to Hyundai Motor and Kia, and orders in the energy storage system (ESS) segment are increasing sharply, while a rebound in cylindrical batteries is also being confirmed," adding, "By reducing the scale of capital expenditures, the company is securing financial soundness, so there is nothing left to deteriorate further."