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 2,800,000 KRW (~$1,976 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 2.0x and 3.9x 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 79 trillion KRW (~$55.7B USD) and 409 trillion KRW (~$288.7B USD) respectively, with an increasing profit trend expected through next year.
Key Semiconductor Drivers and Outlook
DRAM supply and demand are estimated to remain tight through 2028. DRAM ASPs are projected to continue their upward trend, driven primarily by the effects of High Bandwidth Memory (HBM) price increases. In addition to earnings growth and stability, successive environmental changes are reported that could trigger a valuation re-rating.
🔗 Original Source: View the official filing/article here.