[EQUITIES] Dongbu Securities sees Samsung SDS’ Q2 earnings beating market estimates

Published : Jul 15, 2016 - 11:19 Updated : Jul 15, 2016 - 15:27

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[THE INVESTOR] Dongbu Securities on July 15 forecast Samsung SDS’ second quarter earnings will beat market estimates.

The brokerage said operating profit would rise 7.3 percent to 175.7 billion won (US$153.22 million), which is above the market consensus of 160.6 billion won.

Sales are also expected to rise to the 2-trillion-won level, it said in a report.

But Dongbu also noted that sentiment is subdued due to the ongoing issue over Samsung SDS’s plans for splitting off its logistics business.

By Kim Ji-hyun (jemmie@heraldcorp.com)