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A woman walks past the Samsung Electronics logo in the company’s Seocho building in Seoul on January 30, 2020.
Jung Yeon-je | AFP via Getty Images
Samsung Electronics is expected to launch its latest flagship Galaxy smartphones on Thursday, earlier than expected.
But that’s not why analysts are bullish on the stock. Unlike 7 or 8 years ago, Samsung’s market performance today is mainly driven by its semiconductor unit, analysts say. And they love how it looks in 2021.
“Samsung stock is now more correlated with the outlook for its semiconductor business, which is expected to account for 61% of operating profit, compared to the smartphone business, which is expected to only represent 24% of profit. operating this year, ”said Sanjeev Rana, analyst at CLSA.
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