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

Mirae Asset Securities

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.

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

Equity Bottom-Up

<ul><li>Samsung C&amp;T’s share price has continued to trend higher, supported by both the increase in the value of its stake in Samsung Electronics (SEC) and growing expectations for enhanced shareholder returns.</li><li>Samsung C&amp;T also benefits indirectly through its stake in Samsung Life, which itself holds a significant stake in SEC.</li><li>Assuming no holding company discount, we estimate that the value of Samsung C&amp;T’s stake in SEC has risen by roughly W68tr since end2025.</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>

Samsung C&amp;T’s share price has continued to trend higher, supported by both the increase in the value of its stake in Samsung Electronics (SEC) and growing expectations for enhanced shareholder returns.Samsung C&amp;T also benefits indirectly through its stake in Samsung Life, which itself holds a significant stake in SEC.Assuming no holding company discount, we estimate that the value of Samsung C&amp;T’s stake in SEC has risen by roughly W68tr since end2025.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 C&T  (028260 KS/Buy)Multiple Tailwinds from Samsung Electronics