Business · Markets · 2 hrs ago
NH Investment sees Samsung memory growth continuing amid supply shortage
NH Investment expects Samsung Electronics to keep growing as demand for memory chips stays strong.
The South Korean company makes memory chips as well as phones and other electronics.
The brokerage says a memory-chip supply shortage could last through 2028, partly because new factories take time to increase production.
It also points to rising sales of high-bandwidth memory, or HBM, used in advanced computing systems.
Long-term supply deals could make earnings more stable by giving Samsung clearer commitments from customers across several industries.
NH Investment maintained its buy rating and 530,000-won target price, and expects Samsung’s fourth-quarter results to improve further.
Investors may also look for clearer details on the company’s shareholder-return plans when it reports those results.
NH Investment & Securities said Samsung Electronics’ memory growth could continue as a supply shortage is expected to last through 2028.
The brokerage maintained its Buy rating and target price of 530,000 won.
It said long-term supply contracts and higher sales of high-bandwidth memory could support earnings and profitability.
Samsung reported third-quarter revenue of 195.3 trillion won and operating profit of 107.44 trillion won, according to the article.
NH Investment forecast fourth-quarter revenue of 213.8 trillion won and operating profit of 129.3 trillion won.
- Who
- NH Investment & Securities assessed Samsung Electronics’ memory business. Researcher Ryu Young-ho discussed the outlook.
- What
- The brokerage said memory growth could continue amid a supply shortage and structural changes in the industry.
- When
- The report was published on Oct. 31, 2026.
- Where
- Not stated
- Why
- NH Investment expects memory supply constraints to last through 2028 and sees long-term contracts and HBM sales supporting growth.
This story does not have two clearly opposing sides.
Samsung Electronics reported revenue of 195.3 trillion won and operating profit of 107.44 trillion won.
NH Investment maintained its Buy rating and 530,000-won target price for Samsung Electronics.
NH Investment forecast revenue of 213.8 trillion won and operating profit of 129.3 trillion won.
- Supply outlook
- Memory shortage expected to continue through 2028
- Rating
- Buy
- Target price
- 530,000 won
- Long-term contracts
- 10 large customers signed; talks with 10 more underway
- Third-quarter HBM4 sales
- More than tripled from the previous quarter
- Fourth-quarter forecast
- Revenue of 213.8 trillion won; operating profit of 129.3 trillion won
What people are saying
The memory industry is undergoing structural changes different from the past
It is necessary to consider the structural changes in the memory industry
We will respond flexibly depending on market conditions after securing infrastructure