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 Electronics (SEC) is set to release preliminary 1Q26 results on Apr. 7.</li><li>We estimate revenue at W124tr (+32.2% QoQ) and operating profit at W41.3tr (+105.9% QoQ), with the latter exceeding the consensus of W37tr.</li><li>By division, we estimate operating profit at W37.2tr for DS (OP margin: 55.3%), W3.5tr for DX (OP margin: 6.3%), W0.2tr for Samsung Display, and W0.3tr for Harman. </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 Electronics (SEC) is set to release preliminary 1Q26 results on Apr. 7.We estimate revenue at W124tr (+32.2% QoQ) and operating profit at W41.3tr (+105.9% QoQ), with the latter exceeding the consensus of W37tr.By division, we estimate operating profit at W37.2tr for DS (OP margin: 55.3%), W3.5tr for DX (OP margin: 6.3%), W0.2tr for Samsung Display, and W0.3tr for Harman. 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)Beginning of a Structural Shift