CLSA Securities' Rana: Samsung Electronics Price Target Is at KRW 110,000

The video discusses the strong performance of a company driven by its semiconductor and display businesses, despite a decline in smartphone shipments. The outlook for the second half of the year is positive, with expected growth in operating profit due to strong demand for DRAM and NAND. The company's stock performance has been flat, but future earnings momentum is anticipated. The DRAM super cycle could boost operating margins. Recovery in smartphone shipments is expected, aided by new product launches and market dynamics, including the impact of US sanctions on Huawei.

What factors contributed to Samsung's strong performance in the first half of the year?

• Strength in the semiconductor and display business

• Weakness in the semiconductor business

• Increase in smartphone shipments

• Decline in DRAM and NAND demand

How has Samsung's stock price performed despite positive earnings revisions?

• It has remained flat

• It has significantly increased

• It has decreased

• It has been highly volatile

What is expected to drive Samsung's operating profit growth in the coming year?

• Reduction in PC graphics demand

• Decrease in demand from cloud customers

• Growth in DRAM and NAND shipments

• Decline in DRAM and NAND shipments

What external factors are benefiting Samsung's smartphone business?

• US government sanctions on Huawei

• Increase in LG Electronics' smartphone production

• Rise in COVID-19 cases in Southeast Asia

• Decrease in demand for foldable phones

What is expected to drive the recovery in Samsung's smartphone shipments?

• Reduction in semiconductor production

• Decrease in demand in developed markets

• Launch of new foldable phones and pent-up demand

• Increase in COVID-19 cases