[JPMorgan Firmly Bullish on Samsung: The World's 'Cheapest Memory Stock' with a Sustained Earnings Boom Cycle] According to a report by Jinse Finance, on July 8, JPMorgan released its latest equity research report, stating that the preliminary Q2 2026 performance disclosed by global semiconductor giant Samsung Electronics was robust, with core profit metrics easily surpassing the previously lowered market expectations. Despite Samsung recording a one-time provision of over 15 trillion Korean won in massive labor costs during the first half of this year, the company demonstrated remarkable resilience in its earnings boom cycle, driven by the dual benefits of surging memory chip prices and the depreciation of the Korean won. In the report, JPMorgan reiterated its 'Overweight' rating on the stock and raised its December 2026 price target to 480,000 Korean won. JPMorgan highlighted that Samsung Electronics' current stock price corresponds to a forward 12-month rolling price-to-earnings ratio (FTM P/E) of just 5.2x, making it the most attractively priced premium memory asset globally. The recent pullback in the stock price, driven by investor pessimism, has instead created an excellent buying opportunity for medium- to long-term investors.