HSBC: Samsung Electronics May Continue Its Streak of Record-Breaking Performance

Reported by Jinse Finance, July 9 — HSBC stated that the strengthening of memory chip prices could continue to drive Samsung Electronics to achieve record-breaking performance. Analysts Ricky Seo and Han Kil Chang predict that, driven by a 20% increase in sales, Samsung Electronics' operating profit for the third quarter will grow by 25% quarter-on-quarter. Key drivers include: a projected 15% rise in DRAM and NAND chip prices, peak-season demand for OLED panels coinciding with the launch of new foldable smartphones, and a rebound in smartphone profit margins. HSBC analysts noted that, given cloud service providers are unlikely to slow down their computing power expansion in the short term, Samsung Electronics' operating profit this year could increase more than eightfold to 376 trillion Korean won, with a further 37% growth expected next year. HSBC maintains its "Buy" rating and a target price of 450,000 Korean won. (Jin10)