External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Equity Bottom-Up

Samsung Electro Mechanics Co, Ltd. / Equity Bottom-Up

Samsung Electro Mechanics Co, Ltd. (009150 KS)

<ul><li>We raise our target price on Samsung Electro-Mechanics (SEMCO) to W225,000 (from W180,000).</li><li>We shifted the base year for our SOTP valuation from 2025 to 2026 and lifted our 2026 operating profit forecasts by 6% for components, 17% for package solutions, and 5.4% for optics solutions.</li><li>We expect earnings growth to be driven by: 1) price increases in high-end MLCCs; and 2) the rapid growth of FC-BGAs.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We raise our target price on Samsung Electro-Mechanics (SEMCO) to W225,000 (from W180,000).We shifted the base year for our SOTP valuation from 2025 to 2026 and lifted our 2026 operating profit forecasts by 6% for components, 17% for package solutions, and 5.4% for optics solutions.We expect earnings growth to be driven by: 1) price increases in high-end MLCCs; and 2) the rapid growth of FC-BGAs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samsung Electro-Mechanics (009150 KS/Buy) - More Layers Mean Stronger Margins

South Korea

Samsung Electro-Mechanics Co., Ltd. manufactures a variety of electronic components used in computers, audio and video products, industrial electronics, and telecommunication equipment. The Company's products include multi-layer boards and capacitors, optical Pick Ups, deflection yokes (DY), keyboards, speakers, and light emitting diode (LED) products.

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Samsung Electro-Mechanics (009150 KS/Buy) - More Layers Mean Stronger Margins

We shifted the base year for our SOTP valuation from 2025 to 2026 and lifted our 2026 operating profit forecasts by 6% for components, 17% for...

Mirae Asset Securities