External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Samsung SDI (006400): When Is the Buying Opportunity?

Equity Bottom-Up

<ul><li>We raise our target price for Samsung SDI to W450,000 (from W315,000), reflecting a significant upward revision to our outlook for the company’s ESS business.</li><li>During its 3Q25 earnings call, the company disclosed plans to strengthen its competitiveness in the ESS segment, including through additional production line conversions in North America.</li><li>We now forecast ESS revenue at W3.8tr for 2026 and W6.5tr for 2027 (revised up by 36% and 72%, 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 raise our target price for Samsung SDI to W450,000 (from W315,000), reflecting a significant upward revision to our outlook for the company’s ESS business.During its 3Q25 earnings call, the company disclosed plans to strengthen its competitiveness in the ESS segment, including through additional production line conversions in North America.We now forecast ESS revenue at W3.8tr for 2026 and W6.5tr for 2027 (revised up by 36% and 72%, 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 SDI (006400 KS/Buy)Valuation Gap with Global Peers to Narrow; Raise TP to W450,000