External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Preliminary 4Q results imply a consensus beat on rebounding memory profitability </li><li>We raise our memory price outlook and forecast 2026 OP at W150tn</li><li>Maintain Buy rating and raise target price to W180,000</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>

Preliminary 4Q results imply a consensus beat on rebounding memory profitability We raise our memory price outlook and forecast 2026 OP at W150tnMaintain Buy rating and raise target price to W180,000Content 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 Jan 8, 2025) - No Signs of Slowing