Samsung SDI shares rose on Tuesday as expectations grew for a recovery in the second half of the year and a return to profit.
As of 10:27 a.m., the stock was up 17,000 won, or 2.65%, from the previous session at 698,000 won, according to the Korea Exchange. It climbed as high as 706,000 won early in the session, setting a new intraday record.
KB Securities cited improving results in maintaining its “buy” rating and raising its target price 60.4% to 850,000 won from 530,000 won.
Kiwoom Securities also kept a “buy” rating and lifted its target price 70.8% to 820,000 won from 480,000 won. Shinhan Securities maintained “buy” and raised its target price 37.9% to 800,000 won from 580,000 won.
Analysts also pointed to expanded shipments of mid- to large-size batteries as Samsung SDI supplies P6 high-nickel batteries for Hyundai Motor and Kia models including the Ioniq 3 and EV2, a factor expected to support a return to profit in the second half.
Lee Hyun-wook, an analyst at IBK Investment & Securities, said North American energy storage system volumes appear to be fully booked through 2028, and that steady shipments combined with a recovery in the electric-vehicle market should drive a clearer earnings improvement. He said Samsung SDI could return to profit in the fourth quarter, its first in nine quarters.
* This article has been translated by AI.
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