[Featured Stock] Samsung SDS, Strong Performance Driven by Cloud Division Growth
Samsung SDS is showing strong performance. This appears to be due to increased expectations for this year's earnings as the first quarter operating profit exceeded market expectations.
At 10:29 AM on the 26th, Samsung SDS was trading at 157,400 KRW, up 4.79% from the previous day.
Samsung SDS recorded sales of 3.2473 trillion KRW and an operating profit of 225.9 billion KRW in the first quarter of this year. While sales decreased by 5% compared to the same period last year, operating profit increased by 16%.
Dongyang Kim, a researcher at NH Investment & Securities, explained, "Despite challenging business conditions such as reduced IT investment, weak cargo volume, and freight rates, profitability has improved," adding, "We expect growth in scale and profitability through high growth in cloud services."
Hot Picks Today
"I Might End Up Paying My Entire Salary Just for Interest"... Annual Per-Person Interest Could Reach 6.73 Million Won, 'Yeongkeul-jok' Lament
- "Will I Really Be Left Out If I Don't Use It?"... The App Used by 23 Million Koreans Monthly, Is Naver Feeling the Pressure?
- Monami and ENEX See Stock Surge from 'Patriotic Theme'... Can the Rally Last?
- Jensen Huang: "SK hynix ADR Is Incredibly Successful"
- "Die from Heat or Starve": Amid Unprecedented Heatwave and Delivery Ban, Italian Riders Go on Strike
He continued, "With the launch of enterprise generative AI services and the advancement of IT services and logistics business, growth in scale is possible," and added, "Operating profit this year is expected to increase by 14% compared to the previous year."
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
