South Korean brokerage KIS: Samsung Electronics is "seriously undervalued" raises target price by 10% to 650,000 won

On August 1, South Korean brokerage KoreaInvestmentSecurities released a research report on July 31, saying that it would raise Samsung Electronics 'target price by 10% to 650,000 won, maintaining its "Buy" rating. The agency believes that the market still prices Samsung based on the traditional cyclical stock logic, but ignores that long-term supply agreements are driving the transformation of the memory business from "cycle-driven" to "order-driven". The company's earnings stability, performance predictability and valuation center are expected to improve, and the current stock price is in a "seriously undervalued" state.