Strong Memory Demand and Galaxy S9 Contribute to Samsung Record Quarter, Shares are Fairly Valued
Samsung Electronics’ operating income for the March quarter was KRW 15.6 trillion, which is a historical high, owing to the robust memory demand and the launch of its flagship smartphone. Samsung’s operating margin reached 25.8%, up 2.8% on quarter-on-quarter basis, driven by the 3.8% margin expansion on mobile and 4.0% expansion on semiconductors. While preliminary numbers were already disclosed on April 6, we consider that Samsung’s 2018 outlook on memory, which expects a solid demand from ser...
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