November 25, 2024
Stocks & Bonds
[EQUITIES] ‘Galaxy S8 sales boost parts makers’
[THE INVESTOR] Samsung Electronics has shipped more than 10 million Galaxy S8 since it was released three weeks ago, and the strong sales will boost the earnings of parts makers, said Eugene Investment and Securities on May 17.
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The new mobile phone model will sell more than 60 million a year, forecast analyst No Gyeong-tak, recommending to purchase stocks of parts providers Samsung Electro-Mechanics, Partron, Korea Circuit, Wisol and Hansol Technics. The analyst also maintained target prices of 85,000 won (US$75.86), 15,000 won, 19,000 won, 19,000 won and 21,000 won, respectively.
By Hwang You-mee (glamazon@heraldcorp.com)
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