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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

South korea Financials / Thematic (Sector/Industry)

<ul><li>While rising memory prices could modestly weigh on global IT device sales in 2026, we note that memory chips’ share of smartphone BoM costs is only around 10%, and high-end players should be able to pass through higher costs relatively easily.</li><li>Our top pick is LG Innotek with a TP of W320,000 (SOTP; optics solutions/ substrates/auto components units valued at W6.5tr/W3.8tr/W0.6tr; 20% discount applied to these figures).</li><li>With discount factors fading, we believe upside is increasing.</li></ul><p><em>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.</em></p>

While rising memory prices could modestly weigh on global IT device sales in 2026, we note that memory chips’ share of smartphone BoM costs is only around 10%, and high-end players should be able to pass through higher costs relatively easily.Our top pick is LG Innotek with a TP of W320,000 (SOTP; optics solutions/ substrates/auto components units valued at W6.5tr/W3.8tr/W0.6tr; 20% discount applied to these figures).With discount factors fading, we believe upside is increasing.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.

Mirae Asset Minutes [2025: Volume 23]Biweekly strategy meeting recap