Market research firm TrendForce said on Dec. 1 that Samsung Electronics topped the global smartphone market in the third quarter of this year with a 21.2 percent share. The Korean smartphone giant was followed by Apple (15.9 percent), Oppo (15.7 percent), Xiaomi (13.7 percent), and Vivo (10.5 percen
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. We raise our TP on LGI in reflection of upward adjustments to our earnings estimates, following a North American client’s shipment growth and market share expansion. Over the mid/long term, the fi
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. BH Flex’s earnings growth is to accelerate on better-than-expected sales of a North American client’s new smartphones and market share expansion (amid the withdrawal of rivals). Over the mid/long
The authors are analysts of Shinhan Investment Corp. They can be reached at hyungwou@shinhan.com, ym.ko@shinhan.com and chank@shinhan.com, respectively. -- Ed. 3Q turnaround, 4Q earnings unaffected by inventory adjustmentsBH succeeded in turning around in 3Q21 with operating profit of KRW43.7bn from
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. In 2021, global smartphone shipments and sales have been weaker than expected, due to chip shortages and the re-proliferation of Covid-19. However, with the chip shortages easing and pent-up deman
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. While a memory market downcycle is likely to last from 4Q21 to 2022, such expectations have already been reflected in chipmakers’ share prices, which have pulled back over the last 10 months. Given th
Samsung Electronics narrowed its gap with Apple in the U.S. smartphone market to a single digit in the third quarter of this year.Apple had the highest share of 42 percent in the U.S. market in the third quarter, followed by Samsung Electronics with 35 percent, according to a report released by mark
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. We view worries towards a memory downcycle in 2022 as already being mostly digested by a recent share price decline. Given such, we advise an investment strategy towards SEC with an uptrend in mind ra
Anticipation is growing for Samsung Display as foldable OLED panels are expected to show strong growth thanks to the popularization of foldable phones led by Samsung Electronics.Shipments of foldable OLED panels will reach 8.9 million units in 2021, Ubiresearch forecast in a report on Oct. 28. Shipm
Samsung Electronics announced on Oct. 28 that it would triple its foundry production capacity by 2026.The company said it posted 73.98 trillion won in sales and 15.82 trillion won in operating profit on a consolidated basis in the third quarter of 2021. Its sales and operating profit swelled 10.48 p
Samsung Electronics today reported financial results for the third quarter ended September 30, 2021.Total consolidated revenue was a quarterly record of 73.98 trillion won, a 10% increase from a year earlier, which was the previous high. Operating profit increased 26 percent from the previous quarte
Coway Co. has clinched four awards at Good Design Award 2021. It marks the 15th consecutive year to receive the honor of winning the Good Design Award.Good Design Award is the most prestigious international design competition hosted by the Japan Institute of Design Promotion. Each entry is evaluated
Samsung Display and LG Display are expected to keep ahead of Chinese companies in the global display market by utilizing their technological superiority in the field of flexible OLED display.According to market research firm DSCC, flexible OLED display panels accounted for 59 percent of the mobile O
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Up until 2020, 70% of Philoptics’ overall sales came from OLED display equipment, but this majority portion is expected to transition to rechargeable battery equipment by end-2021. Rechargeable ba
Hyundai Mobis announced on Oct. 11 that it has developed a foldable steering system that allows the folding and unfolding of a steering wheel. The Hyundai Mobis foldable steering system features a steering wheel that can move forward and backward by up to 25 cm. It took the company about two years t
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. SEC announced its 3Q21 preliminary results, slightly missing our estimates. Contributing to earnings was a rise in memory semiconductor prices. In 4Q21, OP is expected to total W15.7tn, affected by en
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Based on recent brisk sales, we boost our 2021 foldable smartphone shipment estimate for KH Vatec’s main client from 8.5mn units to 10mn units. Anticipating accompanying earnings growth in 2H21 an
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Global smartphone demand continued to decline y-y in August due to semiconductor shortages and sluggish demand in China. In September, however, demand should recover thanks to the launch of new pr
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. We expect Innox AMC to report record-high earnings in 2H21 and 2022 thanks to strong business conditions, including an increase in OLED panel shipments at customers, the firm’s strengthening marke
The authors are analysts of Shinhan Investment Corp. They can be reached at doyeon@shinhan.com and hyon@shinhan.com, respectively. – Ed. 3Q21 OP forecast at KRW16tr (+27.5% QoQ)Samsung Electronics is expected to report operating profit of KRW16tr (+27.5% QoQ) on sales of KRW71.9tr (+13.0% QoQ) for 3