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4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung SDI Co Ltd    006400   KR7006400006

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Samsung SDI : Korea to develop battery-powered submarines by 2027

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03/26/2017 | 03:34am CEST

The military plans to build three lithium-ion (Li-ion) battery-powered submarines by 2027, according to Defense Acquisition Program Administration (DAPA) officials Friday.

Samsung SDI will make the batteries. Hanwha Techwin will develop a system for integrating them into the submarines that Daewoo Shipbuilding and Marine Engineering will manufacture.

It is part of a long-term project to replace aging submarines. The Navy will have nine 3,000-ton submarines equipped with domestic technologies in a decade if the project is completed as planned, according to DAPA.

The military also plans to build three lead-acid battery-powered submarines between 2020 and 2024. Li-ion batteries last twice as long as lead-acid ones, according to Samsung SDI. The key is to develop advanced Li-ion batteries that can supply power to submarines consistently.

These batteries are now used for electric cars and many electronic gadgets, including laptop computers and smartphones.

The DAPA officials said Germany, France and Japan are also working hard to equip their submarines with Li-ion batteries.

"If the development of the Li-ion batteries for the subs succeeds, the subs' underwater navigation ability will be considerably enhanced," the DAPA said. This will strengthen the Navy's capacity against growing threats from North Korea, it said.

(c) 2017 Korea Times Co. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( KRW)
Sales 2017 6 125 B
EBIT 2017 33,9 B
Net income 2017 455 B
Finance 2017 771 B
Yield 2017 0,79%
P/E ratio 2017 20,37
P/E ratio 2018 13,66
EV / Sales 2017 1,41x
EV / Sales 2018 1,28x
Capitalization 9 411 755 M
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 128 593  KRW
Spread / Average Target -5,1%
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Managers
NameTitle
Nam-Sung Cho President, Chief Executive Officer & Director
Hong Gyeong Kim Chief Financial Officer & Director
Gwang-Il Kim Executive Director & Head-Production Technology
Min-Gee No Outside Director
Sung-Jae Kim Outside Director
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