"Global No. 1 Component Stock" Samsung Electro-Mechanics, at the Beginning of the MLCC Price Hike Cycle... OCI Holdings Says "Going 75% Further" as U.S. Energy Security Assets Are Re-evaluated

As the only global component manufacturer to produce both MLCCs and FC-BGAs, the combined synergy of the two product lines serves as a differentiating factor. /Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 26.
Analysts suggest that now is the time for Samsung Electro-Mechanics to be re-evaluated as the "No.
1 global core component stock," given that the price hike cycle for Multilayer Ceramic Capacitors (MLCCs) has just entered its initial phase.
Hanwha Aerospace has seen its value highlighted for its 60 trillion won order backlog and pipeline as its order pipeline expands to Spain, the U.
As the only global component manufacturer to produce both MLCCs and FC-BGAs, the combined synergy of the two product lines serves as a differentiating factor. /Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 26.As the only global component manufacturer to produce both MLCCs and FC-BGAs, the combined synergy of the two product lines serves as a differentiating factor. /Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 26., and Saudi Arabia.OCI Holdings received an evaluation that its value as a key supply chain supplier is expected to be re-evaluated as the U.S.
recognizes solar power as an energy security asset.
5 million won to 2 million won, citing expectations of improved performance driven by MLCC price hikes.
Analyst Park Hyung-woo stated, "Samsung Electro-Mechanics is the only global component manufacturer that in-house produces both MLCCs and FCBGA (Flip-Chip Ball Grid Array), and the synergy generated when these two product lines are combined within one company is what differentiates it from other component manufacturers.
" [He/She] pointed this out.
He/She further stated, "The greatest upside potential for future earnings lies in MLCCs," citing the fact that the price hike cycle is only just beginning, as DRAM prices rose by triple digits over the past year while MLCCs only increased by around 5%.
Analysis analyst Park emphasized, "It is time for the world's top component stocks to receive a multiple." ※ MLCC (Multi-Layer Ceramic Capacitor) It is an ultra-small component that stores electricity within electronic devices and stably releases it as needed.It is so widely used that it is called the "rice of the electronics industry"; it is found in almost every electronic product without exception, with around 1,000 units in a single smartphone and over 10,000 in an electric vehicle.※ FC-BGA (Flip Chip Ball Grid Array) It is a high-performance semiconductor substrate that connects semiconductor chips to the mainboard.It was named this way because the chip is flipped and attached to the substrate using a small, ball-shaped solder, and it is used as a core component when manufacturing high-performance, high-heat semiconductors such as AI CPUs and GPUs.
As the only global component manufacturer to produce both MLCCs and FC-BGAs, the combined synergy of the two product lines serves as a differentiating factor. /Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 26.As the only global component manufacturer to produce both MLCCs and FC-BGAs, the combined synergy of the two product lines serves as a differentiating factor. /Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 26., and Saudi Arabia.Analyst Choi Kwang-sik stated, "As Hanwha Aerospace's status has been elevated, fair prices have been reflected for recently secured new and repurchase orders," and It was analyzed that high margins would be maintained through proficiency improvements resulting from continuous mass production and economies of scale.Furthermore, it was assessed that "the pipeline is abundant, including being selected as the preferred bidder for the Spanish self-propelled artillery project, the US Next-Generation Self-Propelled Artillery project (preferred bidder selected in July), rumors of Chunmoo adoption by European countries, the Saudi Ministry of National Defense (MNG) project, and the possibility of an early contract for guided missiles (L-SAM) due to increased demand for surface-to-air missiles in the Middle East.
" ※ Chunmoo (K239 Chunmoo) This is a Korean-made multiple launch rocket system developed by Hanwha Aerospace.
5 million won to 2 million won, citing expectations of improved performance driven by MLCC price hikes.
It is a weapon capable of striking targets over a wide area simultaneously by firing multiple rocket rounds in succession, and it is being exported on a large scale to countries such as Poland.
※ L-SAM (Long-range Surface-to-Air Missile) This is a defensive missile designed to intercept enemy missiles or aircraft flying at high altitudes.
With a longer range and interception altitude than the existing Cheongung series, it serves as the upper tier of the Korean missile defense system.OCI Holdings Expected to Be Re-evaluated as U.S.Solar Energy Security Asset (Hana Securities) OCI Holdings (010060) ― Hana Securities / Analyst Yoon Jae-sung - Target Price: 550,000 KRW (New) | Previous Day's Closing Price: 314,500 KRW - Investment Opinion: Buy (New) Hana Securities released a new report on OCI Holdings titled "No Envy of GE Vernova," presenting a target price of 550,000 KRW, approximately 75% higher than the current share price.Analysis analyst Yoon Jae-sung stated, "Solar power is an asset for U.
As the only global component manufacturer to produce both MLCCs and FC-BGAs, the combined synergy of the two product lines serves as a differentiating factor. /Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 26.As the only global component manufacturer to produce both MLCCs and FC-BGAs, the combined synergy of the two product lines serves as a differentiating factor. /Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 26., and Saudi Arabia.energy security," and predicted that "a logical structure similar to how GE Vernova, a key player in the gas power market, is highly valued could be replicated for OCI Holdings, a key U.S.
solar power company.
" Hana Securities viewed the multi-year contract for polysilicon supplied by OCI Holdings to SpaceX and the annual capacity expansion of 30,000 tons as highly likely to materialize, considering the U.
S.
demand for supply chain internalization and relatively lower variable costs compared to competitors.
Accordingly, Analyst Yoon stated, "OCI Holdings orders for 2026–2028.
" "The compound annual growth rate (CAGR) reaches 36%, and considering the possibility of additional orders, growth can be expected until 2030," it was pointed out.※ Polysilicon It is a high-purity silicon material that serves as a core raw material for solar panels.9999%, and this polysilicon is processed into thin sheets to produce cells (solar cells), the basic unit of solar power generation.
As the only global component manufacturer to produce both MLCCs and FC-BGAs, the combined synergy of the two product lines serves as a differentiating factor. /Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 26.As the only global component manufacturer to produce both MLCCs and FC-BGAs, the combined synergy of the two product lines serves as a differentiating factor. /Photo = Yonhap News [Financial News] Here is a summary of reports from major securities firms for the morning of May 26.
sms@fnnews.com Seong Min-seo Reporter