[EQUITIES] Yuanta Securities forecasts Samsung Electronics’ 2017 operating profit at W31tr

[THE INVESTOR] Yuanta Securities said in a July 13 report that Samsung Electronics is likely to maintain strong growth next year.

Its estimates showed the world’s largest tech company posting an annual operating profit of 31 trillion won (US$ 26.93 billion) on a consolidated basis in 2017. 

The release of the next iPhone from Samsung’s global rival Apple may pose a risk in the latter half of 2017, the report said, but expected solid growth in semiconductor chips and displays will offset it.

In the second quarter of this year, Samsung Electronics’ sales is projected to have risen 3 percent to 50 trillion won, while its operating profit increased 18 percent to 8.1 trillion won.

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