‘Samsung to post record earnings in Q3’

‘Samsung to post record earnings in Q3’

Samsung Electronics will post record earnings in the third quarter, said KB Investment and Securities on Sept. 10, maintaining a “buy” recommendation and 58,000 won (US$51.48) target price.

Its operating profit will hike 18 percent on-year to 17.1 trillion won, on the back of earnings improvement in both semiconductor and display sectors. Quarterly operating profit from DRAM will surpass 10 trillion won while profits from display division will gain significantly as LCD panel prices rise and flexible OLED demand expands, said analyst Kim Dong-won.

Its stock price has weakened recently from concerns over the downturn of DRAM and NAND prices. Its stock price will fluctuate but not dramatically for the time being until prices are confirmed in the fourth quarter, he added.

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