Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

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> currently in its third week up, the rally is short-term overbought but could continue this week and the next.</li>
<li>Our model has identified profit targets for the current rally, for the next 2 weeks.</li>
<li>We also discuss support price zones, in case the stock starts to pullback this week, all the details are discussed below.</li>
</ul>



Samsung Electronics (005930 KS) currently in its third week up, the rally is short-term overbought but could continue this week and the next.
Our model has identified profit targets for the current rally, for the next 2 weeks.
We also discuss support price zones, in case the stock starts to pullback this week, all the details are discussed below.


Samsung Electronics (005930 KS) Tactical Outlook: Profit Targets

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

Samsung Electronics Pref Shares / Event-Driven

Samsung Electronics Pref Shares (005935 KS)

<ul>
<li>In this insight, I argue why Samsung Electronics should buyback and cancel at least 10% of its preferred shares.</li>
<li>Clearly, many shareholders have been disappointed with lack of buybacks/cancellations with the recent 30 trillion won dividend program.</li>
<li>In order to appease many disappointed investors in Samsung Electronics, the company should significantly increase the buybacks/cancellation portion of the remaining shareholder returns, especially for the preferred shares. </li>
</ul>


In this insight, I argue why Samsung Electronics should buyback and cancel at least 10% of its preferred shares.
Clearly, many shareholders have been disappointed with lack of buybacks/cancellations with the recent 30 trillion won dividend program.
In order to appease many disappointed investors in Samsung Electronics, the company should significantly increase the buybacks/cancellation portion of the remaining shareholder returns, especially for the preferred shares. 


Why Samsung Electronics Should Buyback and Cancel At Least 10% of Its Preferred Shares

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

Equity Long-Short

Mo Aziz

Equity Bottom-Up

<ul>
<li>Samsung has fallen 18% since initiation despite record DS profits and a ₩90–110T shareholder return programme — widening the gap between fundamentals and valuation.</li>
<li>HBM4E NVIDIA qualification remains delayed but intact for Q4 2026, while October's ₩30T dividend could provide the first near-term catalyst for re-rating.</li>
<li>We remain BULLISH with FV of ₩400,000, based on 7.7× FY2027E EPS of ₩52,000, implying 48.7% upside.</li>
</ul>


Samsung has fallen 18% since initiation despite record DS profits and a ₩90–110T shareholder return programme — widening the gap between fundamentals and valuation.
HBM4E NVIDIA qualification remains delayed but intact for Q4 2026, while October's ₩30T dividend could provide the first near-term catalyst for re-rating.
We remain BULLISH with FV of ₩400,000, based on 7.7× FY2027E EPS of ₩52,000, implying 48.7% upside.


Samsung Electronics (005930 KS): The Conglomerate Is Paying You to Wait for HBM4E

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

Mirae Asset Securities

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

<ul><li>We raise our target price for Samsung Electronics (SEC) by 8.1% to W400,000 (from W370,000).</li><li>While we revised up our DRAM ASP growth forecasts by 4.8%p for 2026 and 0.3%p for 2027, we lowered our operating profit estimates by 5.7% and 4.2%, respectively, reflecting a stronger won (USD/KRW rate assumption lowered from 1,553 to 1,400).</li><li>Meanwhile, with the current quarter entering its final month, our 12-month forward valuation now incorporates earnings through 3Q27 (vs. 2Q27 previously).</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.

We raise our target price for Samsung Electronics (SEC) by 8.1% to W400,000 (from W370,000).While we revised up our DRAM ASP growth forecasts by 4.8%p for 2026 and 0.3%p for 2027, we lowered our operating profit estimates by 5.7% and 4.2%, respectively, reflecting a stronger won (USD/KRW rate assumption lowered from 1,553 to 1,400).Meanwhile, with the current quarter entering its final month, our 12-month forward valuation now incorporates earnings through 3Q27 (vs. 2Q27 previously).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)HBM to Offset Macro Comcerms

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.

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Samsung Electronics Pref Shares (005935 KS)

Samsung Electronics (005930 KS) Tactical Outlook: Profit Targets

Samsung Electronics (005930 KS) is getting overbought after 3 weeks up. Rally may continue 2 weeks (profit targets discussed in insight). Tactical...

Nico Rosti

Why Samsung Electronics Should Buyback and Cancel At Least 10% of Its Preferred Shares

Life Asset Management started going activist on Samsung Electronics and proposed that the company purchase and cancel preferred shares by the end...

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 (005930 KS): The Conglomerate Is Paying You to Wait for HBM4E

Samsung trades at just 5.2× FY2027E despite record DS profits and ₩90–110T returns. HBM4E qualification and the October dividend could unlock a 49%...

Mo Aziz

Samsung Electronics (005930 KS/Buy)HBM to Offset Macro Comcerms

While we revised up our DRAM ASP growth forecasts by 4.8%p for 2026 and 0.3%p for 2027, we lowered our operating profit estimates by 5.7% and 4.2%,...

Mirae Asset Securities

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Samsung Electronics (005930 KS) Tactical Outlook: Profit Targets

Samsung Electronics (005930 KS) is getting overbought after 3 weeks up. Rally may continue 2 weeks (profit targets discussed in insight). Tactical...

Nico Rosti

Why Samsung Electronics Should Buyback and Cancel At Least 10% of Its Preferred Shares

Life Asset Management started going activist on Samsung Electronics and proposed that the company purchase and cancel preferred shares by the end...

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 (005930 KS): The Conglomerate Is Paying You to Wait for HBM4E

Samsung trades at just 5.2× FY2027E despite record DS profits and ₩90–110T returns. HBM4E qualification and the October dividend could unlock a 49%...

Mo Aziz

Samsung Electronics (005930 KS/Buy)HBM to Offset Macro Comcerms

While we revised up our DRAM ASP growth forecasts by 4.8%p for 2026 and 0.3%p for 2027, we lowered our operating profit estimates by 5.7% and 4.2%,...

Mirae Asset Securities

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