Disclaimer: This article is for informational purposes only and does not constitute financial advice.
Investment Thesis and Target Price
Mirae Asset Securities maintains a Buy Investment Rating and a Target Price of 370,000 KRW (~$261.11 USD based on 1417 KRW/USD). The brokerage notes that recent updates regarding customer and competitor trends are creating a favorable environment for the company’s business and corporate value. With the current 12-month forward P/B and P/E multiples at 1.7x and 4.0x respectively—levels seen prior to the AI cycle—this is viewed as an opportunity for aggressive overweighting.
Earnings Estimates and Financial Preview
Operating profit for 3Q26F and 2027F is estimated at 120 trillion KRW (~$84.69B USD) and 559 trillion KRW (~$394.50B USD) respectively, with an increasing profit trend expected through next year. The report indicates that earnings growth and stability are being supported by a series of environmental changes likely to trigger a valuation re-rating.
Key Semiconductor Drivers and Outlook
DRAM supply and demand are estimated to remain tight through 2028. Specifically, DRAM ASPs are expected to continue their upward trend, driven by the price increase effects of High Bandwidth Memory (HBM).
🔗 Original Source: View the official filing/article here.