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> 2Q earnings have been somehow disappointing for investors.</li>
<li>We don’t dissect the earnings details, as market reactions—regardless of headlines—almost always fall within the behavioral range defined by our model.</li>
<li>
What we see right now is FEAR: <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics</a> was rallying hard, reached the tails area in our model, then retreated back sharply after the earnings.</li>
</ul>



Samsung Electronics (005930 KS) 2Q earnings have been somehow disappointing for investors.
We don’t dissect the earnings details, as market reactions—regardless of headlines—almost always fall within the behavioral range defined by our model.

What we see right now is FEAR: Samsung Electronics was rallying hard, reached the tails area in our model, then retreated back sharply after the earnings.


Samsung Electronics (005930 KS) Tactical Outlook After Disappointing Earnings

External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

External broker reports(aggregated public sources)

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.

Equity Bottom-Up

<ul><li>Large-scale Foundry deal signed; concerns over competitiveness start fading</li><li>Memory semiconductor margin also slated to improve in 2H25</li><li>TP raised to W88,000, considering potential upside to business competitiveness</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.

Large-scale Foundry deal signed; concerns over competitiveness start fadingMemory semiconductor margin also slated to improve in 2H25TP raised to W88,000, considering potential upside to business competitivenessContent 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 Jul 29, 2025) - Still Our Top Pick

Technology / Semiconductor / Internet Research

Nicolas Baratte

<ul>
<li>OP pre-announced, the details aren’t inspiring. Margins decline in TV, Semi. Only Smartphone is resilient. 2H25 demand outlook is weak for TV, Smartphone.</li>
<li>Confident tone on HBM growth, qualifications, ASP increase. Several contradictions: Samsung endorses theory of HBM price pressure (how’s that positive?); HBM3E is already 80% of HBM revenue (where’s the upside?)</li>
<li>Consensus is revising up slowly, stock is going up sharply. This assumes a large turnaround in memory / HBM / Foundry. </li>
</ul>


OP pre-announced, the details aren’t inspiring. Margins decline in TV, Semi. Only Smartphone is resilient. 2H25 demand outlook is weak for TV, Smartphone.
Confident tone on HBM growth, qualifications, ASP increase. Several contradictions: Samsung endorses theory of HBM price pressure (how’s that positive?); HBM3E is already 80% of HBM revenue (where’s the upside?)
Consensus is revising up slowly, stock is going up sharply. This assumes a large turnaround in memory / HBM / Foundry. 


Samsung 2Q25: Poor Quarter, Poor Outlook for 2H25, Management Bullish on HBM / Foundry Catch Up

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>On 28 July, it was reported that Samsung Electronics (005930 KS) clinched a huge chip contract worth $16.5 billion from Tesla (TSLA US). </li>
<li>This is a major win for Samsung Electronics since it is one of the largest foundry orders for the company from a single customer in the past decade.</li>
<li>Samsung Electronics is trading at attractive valuations. It is trading at P/E of 12.3x, P/B of 1.0x, and EV/EBITDA of 3.6x in 2026, based on consensus estimates.</li>
</ul>


On 28 July, it was reported that Samsung Electronics (005930 KS) clinched a huge chip contract worth $16.5 billion from Tesla (TSLA US). 
This is a major win for Samsung Electronics since it is one of the largest foundry orders for the company from a single customer in the past decade.
Samsung Electronics is trading at attractive valuations. It is trading at P/E of 12.3x, P/B of 1.0x, and EV/EBITDA of 3.6x in 2026, based on consensus estimates.


Samsung Electronics Clinches a Huge Chip Contract from Tesla

Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899" rel="noopener">Hang Seng Index (HSI INDEX)</a>, <a href="https://www.smartkarma.com/entities/shanghai-shenzhen-csi-300-index" target="_blank" data-smartkarma-citation="entities:22906" rel="noopener">Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY)</a> and <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909" rel="noopener">Nikkei 225 (NKY INDEX)</a> all have elevated implied vols vs their peers and vs historical observations for October.</li>
<li>
<a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617" rel="noopener">NIFTY Index (NIFTY INDEX)</a> , <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a> and <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a>  implied vols are on the low end of what is typically realized in October.</li>
<li>Most markets see price weakness in the 3rd week of the month with realized volatility underperforming over the back half of the month.</li>
</ul>



Hang Seng Index (HSI INDEX), Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY) and Nikkei 225 (NKY INDEX) all have elevated implied vols vs their peers and vs historical observations for October.

NIFTY Index (NIFTY INDEX) , S&amp;P 500 INDEX (SPX INDEX) and S&amp;P/ASX 200 (AS51 INDEX)  implied vols are on the low end of what is typically realized in October.
Most markets see price weakness in the 3rd week of the month with realized volatility underperforming over the back half of the month.


EQD | Asia Monthly Vol Roadmap: Elevated IV's in CSI300 and Hang Seng Present Tactical Opportunity

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Samsung Electronics (SMSN LI)

Samsung Electronics (005930 KS) Tactical Outlook After Disappointing Earnings

Samsung Electronics disappoints investors with 2Q earnings, we see market reactions driven by fear as stock retreats sharply after rally. 2-3...

Nico Rosti

Samsung Electronics (005930 KS Jul 29, 2025) - Still Our Top Pick

Large-scale Foundry deal signed; concerns over competitiveness start fading. Memory semiconductor margin also slated to improve in 2H25

Daishin Securities

Samsung 2Q25: Poor Quarter, Poor Outlook for 2H25, Management Bullish on HBM / Foundry Catch Up

Samsung poor 2Q, poor 2H outlook. Optimism on HBM growth and foundry catch up. Consensus expects that, stock trading at average PEx

Nicolas Baratte

Samsung Electronics Clinches a Huge Chip Contract from Tesla

On 28 July, it was reported that Samsung Electronics (005930 KS) clinched a huge chip contract worth $16.5 billion from Tesla (TSLA US). We...

Douglas Kim

EQD | Asia Monthly Vol Roadmap: Elevated IV's in CSI300 and Hang Seng Present Tactical Opportunity

Implied volatility levels across key Asian indices present several tactical opportunities this month for outright or pairs trades...

John Ley

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Samsung Electronics (005930 KS) Tactical Outlook After Disappointing Earnings

​Samsung Electronics disappoints investors with 2Q earnings, we see market reactions driven by fear as stock retreats sharply after rally. 2-3...

Nico Rosti

Samsung Electronics (005930 KS Jul 29, 2025) - Still Our Top Pick

Large-scale Foundry deal signed; concerns over competitiveness start fading. Memory semiconductor margin also slated to improve in 2H25

Daishin Securities

Samsung 2Q25: Poor Quarter, Poor Outlook for 2H25, Management Bullish on HBM / Foundry Catch Up

Samsung poor 2Q, poor 2H outlook. Optimism on HBM growth and foundry catch up. Consensus expects that, stock trading at average PEx

Nicolas Baratte

Samsung Electronics Clinches a Huge Chip Contract from Tesla

On 28 July, it was reported that Samsung Electronics (005930 KS) clinched a huge chip contract worth $16.5 billion from Tesla (TSLA US). We...

Douglas Kim

EQD | Asia Monthly Vol Roadmap: Elevated IV's in CSI300 and Hang Seng Present Tactical Opportunity

​Implied volatility levels across key Asian indices present several tactical opportunities this month for outright or pairs trades...

John Ley

Samsung Electronics disappoints investors with 2Q earnings, we see market reactions driven by fear as stock retreats sharply after rally. 2-3...

Implied volatility levels across key Asian indices present several tactical opportunities this month for outright or pairs trades...