KB Securities issued an optimistic report on Samsung Electronics, contradicting a recent wave of bearish forecasts from competing brokerage firms. Research head Kim Dong-won predicts a significant surge in Samsung’s third-quarter operating profit.
The report argues the memory market is entering a prolonged supercycle driven by tightening supply constraints. This contrarian outlook emerges as Kiwoom Securities, Mirae Asset Securities, and Shinhan Securities recently lowered their target prices for the stock.
KB Securities suggests Samsung remains extremely undervalued. The firm expects an imminent uptrend following the stock's significant decline from its recent peak.