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 W1,000,000 for Samsung SDI and retain the stock as our top pick within the sector.</li><li>We forecast the company to return to operating profitability in 2Q26, earlier than the market expects.</li><li>We revised up our 2Q26 operating profit estimate to W21.2bn (vs. losses in 2Q25 and 1Q26) and our 2026 operating profit estimate to W250bn. We expect both figures to exceed the consensus.</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 W1,000,000 for Samsung SDI and retain the stock as our top pick within the sector.We forecast the company to return to operating profitability in 2Q26, earlier than the market expects.We revised up our 2Q26 operating profit estimate to W21.2bn (vs. losses in 2Q25 and 1Q26) and our 2026 operating profit estimate to W250bn. We expect both figures to exceed the consensus.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 SDI (006400 KS) 2Q26 Preview: Likely to Post First Operating Profit in Seven Quarters