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Memory prices to help Samsung shares a record high market value of over 200 billion yuan

via:CnBeta     time:2017/10/12 22:31:33     readed:75

Local broker estimates that Samsung's operating profit in the third quarter will reach 14.3 trillion won (about 832 billion yuan), an increase of 175.7% year on year.

Operating profit from the semiconductor sector is expected to be 10.5 trillion won, accounting for 73% of Samsung's total operating profit.

"Although Samsung's new NAND flash memory manufacturing unit operating rate in the third quarter lower than expected, but the memory product prices are likely to drive the company's profit record year record," South Korea's platinum investment company analyst Kim Yang-jae said.

Market watchers say the recent rise in DRAM memory prices is likely to benefit Samsung's future profits.

According to the global semiconductor industry tracking agency DRAMeXchange data, as of the end of September, for the PC product DDR4 4Gb 512Mx8 2133MHz memory prices than the end of 2016 rose nearly 70%.

"Prices are continuing this month, and Samsung's fourth-quarter results are expected to push up further," Kim Yang-jae said. "Based on the current market, Samsung's record performance is expected to continue until 2018."

Industry sources said that due to DRAM memory shortage, Samsung will be the fourth quarter of the supply contract price increased by 15%.

Benefit from the performance of the chip sector meteoric rise, Samsung's operating profit this year is expected to exceed 50 trillion won for the first time (about 291.1 billion yuan). Some financial industry believes that the figure will be more than 60 trillion won.

In the favorable market conditions, driven by another South Korean chip maker SK Hynix's share price also hit a record high of 90300 won on Wednesday,

The Korean SK Group's semiconductor company is expected to be in the third quarter gains 3.8 trillion won in operating profit, an increase of 427%. In addition, the company's annual operating profit is expected to exceed 10 trillion won.

SK Hynix is ​​the world's second largest DRAM supplier, it will be announced on October 26 third quarter final results.

As of Wednesday's close, Samsung shares closed at 2.73 million won, up 3.48 percent from the previous session. SK Hynix closed 0.45%, reported 89100 won.

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