0929 GMT - Stronger memory prices will likely continue to spur record results at Samsung Electronics, HSBC says in a note. Analysts Ricky Seo and Han Kil Chang see the memory-chip maker's 3Q operating profit rising 25% sequentially, driven by 20% sales growth. They cite factors including a 15% expected rise in DRAM and NAND chip prices, OLED panel demand entering peak season amid new foldable-phone launches, and a smartphone margin recovery. With cloud service providers unlikely to slow capacity expansion in the near term, Samsung's operating profit could increase more than eightfold to 376 trillion won this year and grow a further 37% next year, the analysts say. HSBC maintains its buy rating and target price of 450,000 won. Shares last ended at 278,000 won. (farah.elias@wsj.com)
(END) Dow Jones Newswires
July 09, 2026 05:29 ET (09:29 GMT)
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