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 maintain our target price of W550,000 for Samsung Electronics (SEC).</li><li>While we lifted our 2Q26 and 2026 operating profit forecasts by 9.5% and 6.3%, respectively, we left our target price unchanged given the substantial upside from current levels.</li><li>Valuation does not look demanding, with the stock currently trading at a 2026F P/B of 2.6x and P/E of 6.1x, below the sector averages (7.6x and 12.4x, 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 maintain our target price of W550,000 for Samsung Electronics (SEC).While we lifted our 2Q26 and 2026 operating profit forecasts by 9.5% and 6.3%, respectively, we left our target price unchanged given the substantial upside from current levels.Valuation does not look demanding, with the stock currently trading at a 2026F P/B of 2.6x and P/E of 6.1x, below the sector averages (7.6x and 12.4x, 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)When in doubt, focus on earnings fundamentals