{"id":1532,"date":"2020-09-11T06:08:15","date_gmt":"2020-09-11T06:08:15","guid":{"rendered":"https:\/\/businessner.com\/?p=1532"},"modified":"2020-09-15T11:43:58","modified_gmt":"2020-09-15T11:43:58","slug":"samsung-shares-could-rally-over-40-next-year","status":"publish","type":"post","link":"https:\/\/businessner.com\/samsung-shares-could-rally-over-40-next-year\/","title":{"rendered":"Samsung Shares Could Rally Over 40% Next Year"},"content":{"rendered":"<p>South Korean giant Samsung shares could rally over 40% next year, <a href=\"https:\/\/www.cnbc.com\/2020\/09\/11\/samsung-shares-could-rally-on-smartphones-chips-analyst.html\">reported CNBC Friday<\/a>. The analysis was published by SK Kim, an analyst at Daiwa Capital Markets.<\/p>\n<p>Kim thinks Samsung TV and Smartphone sales will bounce back strongly in 2021. The 12-month forecasted price target is showing 45% growth from Wednesday\u2019s close.<\/p>\n<blockquote class=\"td_quote_box td_box_center\"><p>\u201cWe expect strong earnings upside to Samsung Electronics\u2019 (SEC) earnings in 3Q20, led by the set device (mobile and TV) division.\u201d &#8211; SK Kim, an analyst at Daiwa Capital Markets<\/p><\/blockquote>\n<p>Kim also talked about the opportunities from 5G, memory, and foundry technologies that will turnaround the current situation of Samsung.<\/p>\n<ul>\n<li>More Stories:\u00a0<a href=\"https:\/\/businessner.com\/walmart-sales-dropped-as-the-stimulus-checks-are-running-out\/\">Walmart Sales Dropped As the Stimulus Checks are Running Out<\/a><\/li>\n<li>More Stories:\u00a0<a href=\"https:\/\/businessner.com\/moving-towards-an-eco-friendly-credit-card-lifestyle\/\">Are We Moving Towards an Eco-Friendly Credit Card Lifestyle?<\/a><\/li>\n<\/ul>\n<h2>Samsung Shares Fell During the Pandemic<\/h2>\n<p>Samsung saw an all-time intraday high of 62,800 Korean won ($52.84) at the beginning of this year. Unfortunately, the Korean mega-company&#8217;s prices started to fall once the Covid-19 Pandemic started to hit globally.<\/p>\n<figure id=\"attachment_1536\" aria-describedby=\"caption-attachment-1536\" style=\"width: 677px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1536\" src=\"https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Samsung-Shares-Could-Rally-Over-40-Next-Year-According-to-the-Analysts.jpg\" alt=\"Samsung Shares Could Rally Over 40% Next Year According to the Analysts\" width=\"677\" height=\"537\" srcset=\"https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Samsung-Shares-Could-Rally-Over-40-Next-Year-According-to-the-Analysts.jpg 677w, https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Samsung-Shares-Could-Rally-Over-40-Next-Year-According-to-the-Analysts-300x238.jpg 300w, https:\/\/businessner.com\/wp-content\/uploads\/2020\/09\/Samsung-Shares-Could-Rally-Over-40-Next-Year-According-to-the-Analysts-529x420.jpg 529w\" sizes=\"(max-width: 677px) 100vw, 677px\" \/><figcaption id=\"caption-attachment-1536\" class=\"wp-caption-text\">Samsung share prices rebounded after a fall in March<\/figcaption><\/figure>\n<p>In March, prices fell to 42,300 Korean won ($35.59) in the middle of a global sell-off. The prices recovered since then thanks to the global demand of the company and rising concerns over Huwaei in the U.S.<\/p>\n<p>According to the recent reports, Samsung share prices came under pressure due to the <a href=\"https:\/\/www.samsung.com\/semiconductor\/dram\/\">DRAM, a type of semiconductor<\/a>.<\/p>\n<blockquote class=\"td_pull_quote td_pull_center\"><p>It seems Samsung is benefitting from Huawei\u2019s woes in Europe and Latam and anti-China sentiment in India. &#8211; Sanjeev Rana, an analyst at CLSA<\/p><\/blockquote>\n<h2>Short-Term Vehicles that will Drive the Samsung Prices Higher<\/h2>\n<p>Mr. Kim predicts that smartphone and television are the two near-term catalysts for Samsung to move the prices higher. He is expecting a post revenue growth of 23% on quarter-quarter and 5% on a year-year basis.<\/p>\n<p>The revenue is forecasted 65.2 trillion Korean won ($54.86 billion). While the operating profit will be around 10.5 trillion Korean won ($8.83 billion), 35% higher in a year.<\/p>\n<p><strong>\u201cWhile we assume SEC to maintain cost savings amid COVID-19, we expect a sharp rebound in sales of smartphones and TVs to drive robust earnings upside in 3Q20,\u201d Kim said.<\/strong><\/p>\n<p>Kim also predicted that the total unit of smartphone sell will be 79 million which is up 46% on a quarter-quarter basis.<\/p>\n<hr \/>\n<p>Read More:\u00a0<a href=\"https:\/\/businessner.com\/palantir-ceo-asked-the-investors-to-pick-a-different-company\/\">Palantir CEO Asked the Investors to Pick a \u201cDifferent Company\u201d<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean giant Samsung shares could rally over 40% next year, reported CNBC Friday. The analysis was published by SK Kim, an analyst at Daiwa Capital Markets. Kim thinks Samsung TV and Smartphone sales will bounce back strongly in 2021. The 12-month forecasted price target is showing 45% growth from Wednesday\u2019s close. \u201cWe expect strong [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1534,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Samsung Shares Could Rally Over 40% Next Year, Analyst Predicts","_seopress_titles_desc":"South Korean giant Samsung shares could rally over 40% next year, reported CNBC Friday. The analysis was published by SK Kim.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[557],"tags":[86,514,513,173,197],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1532"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=1532"}],"version-history":[{"count":5,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1532\/revisions"}],"predecessor-version":[{"id":1539,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1532\/revisions\/1539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/1534"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=1532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=1532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=1532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}