Samsung Electro-Mechanics to maintain momentum

Samsung Electro-Mechanics to maintain momentum

Samsung Electro-Mechanics showed the highest improvement in profits among MLCC makers and will maintain momentum in the fourth quarter, said Kiwoom Securities on Nov. 20.

Top-tier manufacturers, including Samsung as well as Murata, Taiyo Yuden and TDK, have posted strong third-quarter earnings while Yageo, one of the second-tier companies, has taken a downturn. Samsung Electro-Mechanics was the frontrunner on the back of increasing demand for industrial products. In addition, its efforts to increase capacity of IT products and to internalize commodities showed results, said analyst Kim Ji-san.

IT product prices have been declining and demand from China is slowing down, but it will be able to minimize the effects by shifting the manufacturing line to produce high value added products, the analyst noted.

Share:
Scroll Up
error: Content is protected !!