Svmuu News: HSBC said that rising memory chip prices are likely to continue driving Samsung Electronics to record earnings. Analysts Ricky Seo and Han Kil Chang expect Samsung Electronics’ third-quarter operating profit to rise 25% quarter-over-quarter, driven by a 20% increase in sales. Key drivers include a projected 15% increase in DRAM and NAND chip prices, peak demand for OLED panels coinciding with the launch of new foldable smartphones, and a recovery in smartphone profit margins.
HSBC analysts noted that, given cloud service providers are unlikely to slow their expansion of computing power in the near term, Samsung Electronics’ operating profit this year could more than octuple to 376 trillion won, with a further 37% increase expected next year. HSBC maintained its “Buy” rating and a target price of 450,000 won. (Jin Shi)