Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Equity Bottom-Up

<ul>
<li>The A16 chip Samsung fabs is mainly for real-time inference in Tesla’s FSD cars, not data-center training, which remains dominated by Dojo and NVIDIA hardware.</li>
<li>If Tesla’s deal includes AI chips with HBM, it’s a major catalyst; if just A16, it’s not proof HBM yield issues are solved.</li>
<li>Tesla’s deal isn’t a sure sign Samsung’s HBM4 passed NVIDIA’s qual tests, but it’s a key reference boosting market hype—time to consider a Samsung long, SK Hynix short setup.</li>
</ul>


The A16 chip Samsung fabs is mainly for real-time inference in Tesla’s FSD cars, not data-center training, which remains dominated by Dojo and NVIDIA hardware.
If Tesla’s deal includes AI chips with HBM, it’s a major catalyst; if just A16, it’s not proof HBM yield issues are solved.
Tesla’s deal isn’t a sure sign Samsung’s HBM4 passed NVIDIA’s qual tests, but it’s a key reference boosting market hype—time to consider a Samsung long, SK Hynix short setup.


My Take on Samsung’s Big Foundry Deal with Tesla

External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Entering a phase of earnings growth and valuation normalization; raise TP We raise our 12-month target price for Samsung Electronics (SEC) by 9% to W96,000 (from W88,000).</li><li>Notably, we revised up our 2025 and 2026 operating profit forecasts by 2.9% and 5.3%, respectively.</li><li>Our target EV/EBITDA multiples for both the memory and foundry businesses continue to reflect a discount (30%) to peers, but we see potential for this discount to be reduced sharply once shipments of HBM4 (to Nvidia) and foundry products (to Tesla) begin in earnest.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Entering a phase of earnings growth and valuation normalization; raise TP We raise our 12-month target price for Samsung Electronics (SEC) by 9% to W96,000 (from W88,000).Notably, we revised up our 2025 and 2026 operating profit forecasts by 2.9% and 5.3%, respectively.Our target EV/EBITDA multiples for both the memory and foundry businesses continue to reflect a discount (30%) to peers, but we see potential for this discount to be reduced sharply once shipments of HBM4 (to Nvidia) and foundry products (to Tesla) begin in earnest.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samsung Electronics (005930 KS/Buy)Commodity Memory Up-Cycle Approaching

External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

Founded in 1962, Daishin Securities is a leading financial services provider in Korea. Daishin securities does its best to provide high quality financial service and to satisfy the various needs of investors. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>3Q25 OP set to beat consensus; quarterly OP to be in the W10tn range again</li><li>Another potential beneficiary of improving downstream demand</li><li>Still cheap given its chip business value picking up; TP and Buy rating unchanged</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

3Q25 OP set to beat consensus; quarterly OP to be in the W10tn range againAnother potential beneficiary of improving downstream demandStill cheap given its chip business value picking up; TP and Buy rating unchangedContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samsung Electronics (005930 KS) - Leader’s Turn to Rally

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> has been in a downtrend for 4 weeks, but it was only mildly oversold (60% prob. of reversal last Friday, at the Close).</li>
<li>After 4 weeks down, this week the stock re-started its rally, touching 71200 on Tuesday at the Close. </li>
<li>This insight will try to define the short-term profit targets for this rally (spoiler: they are not far, at least from the TIME MODEL perspective...).</li>
</ul>



Samsung Electronics (005930 KS) has been in a downtrend for 4 weeks, but it was only mildly oversold (60% prob. of reversal last Friday, at the Close).
After 4 weeks down, this week the stock re-started its rally, touching 71200 on Tuesday at the Close. 
This insight will try to define the short-term profit targets for this rally (spoiler: they are not far, at least from the TIME MODEL perspective...).


Samsung Electronics (005930 KS): Tactical Outlook and Profit Targets

Samsung Electronics Pref Shares / Equity Derivatives

<ul>
<li>A synoptic look at the tactical setups for the indices, stocks, commodities and bonds we cover, week September 1 – September 5. The MODEL's SUPPORT/RESISTANCE data file is attached.</li>
<li>
OVERBOUGHT at the WEEKLY Close: <a href="https://www.smartkarma.com/entities/alphabet-inc-cl-c" target="_blank" data-smartkarma-citation="entities:11369:1" rel="noopener">Alphabet (GOOG US)</a> , <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">Taiwan Semiconductor (TSMC) (2330 TT)</a> , <a href="https://www.smartkarma.com/entities/gold" target="_blank" data-smartkarma-citation="entities:22870:1" rel="noopener">Gold (GOLD COMDTY)</a> , 10-Year US Treasuries (ZN Futures)</li>
<li>
OVERSOLD at the WEEKLY Close: <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> , <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> , <a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" data-smartkarma-citation="entities:27:1" rel="noopener">China Mobile (941 HK)</a> , <a href="https://www.smartkarma.com/entities/softbank-group-corp" target="_blank" data-smartkarma-citation="entities:315:1" rel="noopener">Softbank Group (9984 JP)</a>
</li>
</ul>


A synoptic look at the tactical setups for the indices, stocks, commodities and bonds we cover, week September 1 – September 5. The MODEL's SUPPORT/RESISTANCE data file is attached.

OVERBOUGHT at the WEEKLY Close: Alphabet (GOOG US) , Taiwan Semiconductor (TSMC) (2330 TT) , Gold (GOLD COMDTY) , 10-Year US Treasuries (ZN Futures)

OVERSOLD at the WEEKLY Close: NVIDIA Corp (NVDA US) , Samsung Electronics (005930 KS) , China Mobile (941 HK) , Softbank Group (9984 JP)



Global Markets Tactical Outlook: WEEKLY Recap (Sep 8 – Sep 12)

South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

Samsung Electronics Pref Shares (005935 KS)

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52-week Range	0.00 - 0.00
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Samsung Electronics Pref Shares (005935 KS)

My Take on Samsung’s Big Foundry Deal with Tesla

This post shares my take on Samsung’s big foundry win with Tesla, breaking down what the deal means for Samsung’s stock play.

Sanghyun Park

Samsung Electronics (005930 KS/Buy)Commodity Memory Up-Cycle Approaching

Entering a phase of earnings growth and valuation normalization; raise TP We raise our 12-month target price for Samsung Electronics (SEC) by 9% to...

Mirae Asset Securities

Samsung Electronics (005930 KS) - Leader’s Turn to Rally

3Q25 OP set to beat consensus; quarterly OP to be in the W10tn range again. Another potential beneficiary of improving downstream demand

Daishin Securities

Samsung Electronics (005930 KS): Tactical Outlook and Profit Targets

Samsung Electronics (005930 KS) experienced a 4-week mild downtrend, but started a reversal this week, rallying to 71200 on Tuesday. The stock...

Nico Rosti

Global Markets Tactical Outlook: WEEKLY Recap (Sep 8 – Sep 12)

Tactical WEEKLY review for global markets for the week of September 1-5, with overbought and oversold analysis. Anticipate inflection points before...

Nico Rosti

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

My Take on Samsung’s Big Foundry Deal with Tesla

This post shares my take on Samsung’s big foundry win with Tesla, breaking down what the deal means for Samsung’s stock play.

Sanghyun Park

Samsung Electronics (005930 KS/Buy)Commodity Memory Up-Cycle Approaching

Entering a phase of earnings growth and valuation normalization; raise TP We raise our 12-month target price for Samsung Electronics (SEC) by 9% to...

Mirae Asset Securities

Samsung Electronics (005930 KS) - Leader’s Turn to Rally

3Q25 OP set to beat consensus; quarterly OP to be in the W10tn range again. Another potential beneficiary of improving downstream demand

Daishin Securities

Samsung Electronics (005930 KS): Tactical Outlook and Profit Targets

​Samsung Electronics (005930 KS) experienced a 4-week mild downtrend, but started a reversal this week, rallying to 71200 on Tuesday. The stock...

Nico Rosti

Global Markets Tactical Outlook: WEEKLY Recap (Sep 8 – Sep 12)

Tactical WEEKLY review for global markets for the week of September 1-5, with overbought and oversold analysis. Anticipate inflection points before...

Nico Rosti

Samsung Electronics (005930 KS) experienced a 4-week mild downtrend, but started a reversal this week, rallying to 71200 on Tuesday. The stock...