[Edaily Reporter Shin Ha-yeon ] SamsungElectroMechanics(009150)hit its intraday price limit. Following last night’s strong close on the New York Stock Exchange—driven by Microsoft’s (MS) strong earnings and a rebound in the semiconductor sector—the top-market-cap sectors on the domestic stock market are also showing a synchronized rally.
According to MP Doctor on the 31st, as of 9:25 a.m. today, SamsungElectroMechanics is trading at 1,142,000 won, up 29.92% from the previous trading day. After opening at 1,128,000 won—a 28.33% increase from the previous day’s closing price of 879,000 won—the stock surged straight to the daily price limit.
The company’s “earnings surprise” in the second quarter of this year is also seen as a factor contributing to the recovery in investor sentiment.
SamsungElectroMechanics reported consolidated revenue of 3.4572 trillion won and operating profit of 440.4 billion won for the second quarter of this year. These figures represent year-over-year increases of 24% and 107%, respectively, and significantly exceeded market expectations.
The securities industry is also issuing positive outlooks. In a report released today, Choi Bo-young, an analyst at KYOBOSECURITIESCO.,LTD., stated, “With a limited number of companies capable of supplying MLCCs for AI servers, SamsungElectroMechanics has signed long-term supply contracts with approximately 10 major hyperscalers and semiconductor companies, and is pursuing additional contracts and strategic pricing measures.” “As supply shortages for FC-BGA intensify due to the trend toward larger-area, multi-layer AI semiconductors, mass production of new products for big tech companies and price adjustments are expected to drive earnings growth,” she added.
Third-quarter earnings are also expected to follow an upward trend. Yang Seung-soo, an analyst at Meritz Securities, said, “Estimated operating profit for the third quarter is projected to reach 601 billion won, a 130.9% increase year-over-year, and is expected to once again exceed the market consensus (495.5 billion won) by 21.3%,” and “Driven by expanding AI-centered demand, third-quarter MLCC shipments are expected to rise 9.0% quarter-over-quarter, and the capacity utilization rate is projected to climb to the high 90s,” he noted.