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) 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><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) 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