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>We raise our target price for Samsung Electronics (SEC) to W300,000 (from W275,000).</li><li>We revised up our operating profit estimates by 8.4% for 1Q26 (W40.6tr; +102% QoQ) and 7.6% for 2026 (W244tr; +459% YoY).</li><li>We also lifted our 1Q26 ASP growth assumptions for DRAM and NAND by 8.4%p (to +53.8%) and 8.0%p (to +53%), respectively. </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>

We raise our target price for Samsung Electronics (SEC) to W300,000 (from W275,000).We revised up our operating profit estimates by 8.4% for 1Q26 (W40.6tr; +102% QoQ) and 7.6% for 2026 (W244tr; +459% YoY).We also lifted our 1Q26 ASP growth assumptions for DRAM and NAND by 8.4%p (to +53.8%) and 8.0%p (to +53%), respectively. 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)A True Full-Stack Player