The market paid keen attention to Samsung Electronics when its stock hit an all-time high at 2,351,000 won on May 8. The share prices of Samsung affiliated equipment makers, however, rose more steeply.
Samsung Electro-Mechanics and Samsung SDI, which supply parts and components for Samsung Electronics, saw their share prices reach one-year highs on May 24. Samsung Electro-Mechanics was closed at 83,100 won, up 2.59 percent or 2,100 won from the previous day, while Samsung SDI rose 0.32 percent or 500 won to 158,000 won.
The shares of Samsung Electronics has risen 24.53 percent this year to date, while those of Samsung Electro-Mechanics and Samsung SDI jumped 63.58 percent and 44.95 percent, respectively, during the same period.
Foreign investors and institutional investors both have maintained net-buying positions on these stocks this year.
Expectations are high for the improvement in the performance of Samsung Electro-Mechanics thanks to the recent bullish demand for multilayer ceramic capacitors (MLCCs) and the expansion of dual-camera supplies.
The market consensus for Samsung Electro-Mechanics’ second-quarter operating profit is set at 71 billion won, up 367.8 percent from a year ago (15.2 billion won).