KRX:006400

Samsung SDI Turns to Profit in Q2

Samsung SDI (KRX:006400) posted net income attributable to shareholders of the parent of 342.2 billion won for the second quarter, against an attributable net loss of 152.5 billion won a year earlier.Sales rose 18.5% to 3.769 trillion won from 3.179 trillion won for the three months ended June 30, according to a Thursday filing with the Korea Exchange.Shares of the battery and electronic materials maker fell nearly 2% in recent trade.

Market Chatter: Samsung Group to Invest KRW1,000 Trillion in Korea; Samsung Elec Shares Decline 7%, Samsung SDI Fall 5%

Samsung Group plans to invest 1,000 trillion won in South Korea over a period of 10 years, details of which will be announced on Monday at a meeting with President Lee Jae Myung at ​the presidential office, Reuters reported Friday, citing a Maeil Business Newspaper report that did not cite sources.The investment could potentially include ​300 trillion won for the construction of chip factories in the southwest of the country, the report said.The investment will be used to build AI data centers, ⁠develop batteries and displays, according to Maeil Business as cited by Reuters.Samsung Group comprises chip giant Samsung Electronics (KRX:005930), battery maker Samsung SDI (KRX:006400), and IT services firm Samsung SDS (KRX:018260), among others.Samsung did not immediately reply to' request for comment.Shares of Samsung Electronics fell nearly 7% while those of Samsung SDI declined nearly 5%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nomura Adjusts Samsung SDI's Price Target to KRW900,000 From KRW540,000, Keeps at Buy

Samsung SDI Narrows Loss in Q1; Shares Jump 6%

Samsung SDI (KRX:006400) posted a first-quarter net loss attributable to shareholders of 28.1 billion won, narrowing from 220.5 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the battery and electronic materials manufacturer were up 13% year over year to 3.576 trillion won from 3.177 trillion won.Shares of Samsung SDI jumped over 6% in recent trade.

Samsung SDI, Mercedes-Benz Sign First EV Battery Supply Contract

Samsung SDI (KRX:006400) and German automaker Mercedes-Benz signed a multi-year agreement under which the former will supply batteries for next-generation electric vehicles to the latter, the battery and electronic materials manufacturer said in a Monday release.The batteries will feature high-nickel, cobalt, and manganese, which would offer high energy density, more driving range, long lifespan, and high power, the release said.The two firms will also collaborate on future mobility and develop next-generation battery technology, it said.Shares of Samsung SDI jumped nearly 5% at market close.