Samsung Electronics hit another all-time high.
As of 10:16 a.m., Samsung Electronics was trading at 119,300 won on the Korea Exchange, up 2,300 won (1.97%) from the previous session. It set a new all-time high intraday at 120,300 won.
On the 26th, the previous session, Samsung Electronics also closed at 117,000 won, marking all-time highs on both an intraday and closing basis.
Brokerages are successively raising their target prices for Samsung Electronics. NH Investment & Securities raised its target from 145,000 won to 155,000 won, and Hyundai Motor Securities also lifted its target from 129,000 won to 143,000 won. In addition, ▲ Hana Securities (155,000 won) ▲ Mirae Asset Securities (155,000 won) ▲ Samsung Securities (140,000 won) also raised their targets.
Ryu Young-ho, an analyst at NH Investment & Securities, said, "Shipments of high bandwidth memory (HBM) will more than double from a year earlier and drive earnings growth," adding, "With supply constrained, the supplier-favorable structure is intact, so the memory upcycle is likely to last, and Samsung Electronics has the capacity to adjust production versus rivals and holds volume competitiveness."
Ryu projected that in 2026, as the favorable cycle centered on memory semiconductors continues, Samsung Electronics' operating profit will reach 11.57 trillion won, up 170% from a year earlier.
Even so, the stock is hovering around 1.5 times price-to-book ratio (PBR) on a 2026 basis, and considering the more favorable market backdrop than in the past, there is room for a rerating above the peak of the prior semiconductor cycle.