KRX:009150

Samsung Electro-Mechanics' Net Attributable Income Jumps 143% in Q2; Shares Decline 5%

Samsung Electro-Mechanics (KRX:009150) posted second-quarter net income attributable to shareholders of 315.7 billion won, up 143% from 129.7 billion won a year earlier, according to a Thursday filing with the Korea Exchange.The South Korean electronic component company's sales rose 24% year over year to 3.457 trillion won from 2.784 trillion won.Shares of Samsung Electro-Mechanics fell 5% in recent trade.

South Korean Shares Close Higher on Overnight Wall Street Gains, Potential US-Iran Negotiations Ahead

South Korean shares closed higher on Tuesday, in line with overnight gains on Wall Street after the US and Iran agreed to cease attacks in and around the Strait of Hormuz and are expected to hold talks in Qatar.The benchmark Korea Composite Stock Price Index, or Kospi, rose by 1%, or 81.83 points, to close at 8,476.48. The Kosdaq, however, fell by 0.5%, or 4.39 points, to end at 916.18.Wall Street rebounded on Monday amid a rally of technology stocks. The Dow Jones Industrial Average added 0.59% to close at a record high, while the Nasdaq Composite rose 2.07%, and the S&P 500 increased 1.18%.U.S. President Donald Trump said U.S. and Iranian officials will meet in Qatar on Tuesday after Tehran "requested" talks following days of reciprocal attacks that strained their interim agreement, according to AL Jazeera.However, Iran's Foreign Ministry denied any scheduled meeting with the US but said that it will send a special delegation to Doha to secure the release of frozen assets.On the corporate front, Samsung Group and SK Group announced investment plans totaling 2,655 trillion won and 1,100 trillion won, respectively, to build regional semiconductor hubs and nationwide AI infrastructure, according to statements from the firms on Monday.Samsung Electronics (KRX:005930) plans to invest 2,030 trillion won in semiconductor clusters, which comprise the Pyeongtaek Campus and Yongin National Industrial Complex, while allocating 625 trillion won to projects in the Honam, Chungcheong and Yeongnam regions. These will focus on AI chips, robots, batteries, and IT components.Of that regional allocation, 425 trillion won will be concentrated in the Honam region, where Samsung Electronics will deploy 400 trillion won to build a new semiconductor fabrication plant and a digital-twin-based innovation hub in Gwangju.Meanwhile, chipmaker SK Hynix (KRX:000660) will invest 1,100 trillion won to build an AI memory production network across Yongin, Cheongju and southwestern Korea. The company aims to complete the fourth fab at its Yongin Semiconductor Cluster by 2033, 12 years ahead of schedule, with total investment in the semiconductor cluster expected to hit 600 trillion won.Alongside these corporate investments, South Korea unveiled a 550 trillion won joint private-public initiative involving internet firm Naver (KRX:035420) to build 8.4 gigawatts of AI data center capacity by 2029.Naver did not immediately respond to' request for comment.Shares of Samsung Electronics added 4% at market close, those of SK Hynix added 2%, while those of Naver fell over 2%.In other news, Samsung Electro-Mechanics (KRX:009150) secured a supply agreement for multi-layer ceramic capacitors (MLCC) from an undisclosed client, according to a Monday filing with the Korea Exchange.The contract, valued at 454 billion won, is valid till Dec. 31, 2027.Shares of Samsung Electro-Mechanics rose nearly 8% at market close.

Samsung Electro-Mechanics Wins KRW454 Billion Supply Deal; Shares Rise 8%

Samsung Electro-Mechanics (KRX:009150) secured a supply agreement for multi-layer ceramic capacitors (MLCC) from an undisclosed client, according to a Monday filing with the Korea Exchange.The contract, valued at 454 billion won, is valid till Dec. 31, 2027.Shares of Samsung Electro-Mechanics rose nearly 8% in recent trade.

Nomura Adjusts Samsung Electro-Mechanics' Price Target to KRW2,500,000 From KRW1,300,000, Keeps at Buy

Samsung Electro-Mechanics (KRX:009150) has an average rating of buy and mean price target of 2,136,087 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Nomura Adjusts Samsung Electro-Mechanics' Price Target to KRW1,300,000 from KRW1,100,000, Keeps at Buy

South Korean Shares Lower for Second Day on Foreign Outflows, Renewed US-Iran Tension

South Korean shares closed lower for a second day on Wednesday after foreign investors continued their sell-off of Korean equities, and fresh tensions on the U.S.-Iran front made investors pessimistic about a peace pact anytime soon.The Korea Composite Stock Price Index or Kospi decreased by 62.71 points, or 0.9%, to end at 7,208.95. The Kosdaq also declined by 28.29 points, or 2.6%, to close at 1,056.07.U.S. President Donald Trump said Tuesday that Washington could launch new strikes on Iran as early as next week if negotiations could not resolve the conflict and if Tehran continues to refuse the considerable concessions he wants before a deal can be framed to end the war.In retaliation, Iran's Islamic Revolutionary Guard Corps threatened to extend a revived war beyond the Middle East if the US again began attacks against Tehran.In corporate news, Samsung Electro-Mechanics (KRX:009150) secured a supply agreement for silicon capacitors from an undisclosed client. The contract, valued at 1.56 trillion won, is valid till Dec. 31, 2028.Shares of the company jumped nearly 8% at market close.In other news, South Korea's main equity exchange, the Korea Exchange, is planning to launch weekly options on single stocks from June, expiring on Thursdays.The exchange is also gearing up to launch monthly and weekly exchange-traded fund (ETF) derivatives later in 2026, while expanding weekly options expiries for the Kospi 200 and Kosdaq 150 indexes to Tuesdays, Wednesdays, and Fridays from the current schedule of Mondays and Thursdays.

Samsung Electro-Mechanics Wins KRW1.6 Trillion Supply Deal

Samsung Electro-Mechanics (KRX:009150) won a supply deal worth 1.56 trillion won for silicon capacitors from an undisclosed client, according to a Wednesday filing with the Korea Exchange.The contract period is from January 2027 to December 2028.Shares of Samsung Electro-Mechanics jumped nearly 8% at market close.

Samsung Electro-Mechanics' Net Attributable Income Jumps 86% in Q1

Samsung Electro-Mechanics (KRX:009150) posted first-quarter net income attributable to shareholders of 249.2 billion won, up 86% from 133.7 billion won a year earlier, according to a Thursday filing with the Korea Exchange.The South Korean electronic component company's sales rose 17% year over year to 3.209 trillion won from 2.738 trillion won.Shares of Samsung Electro-Mechanics rose nearly 1% at market close.