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HSBC: Samsung reaches agreement with union, market focus expected to return to fundamentals

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ME News message, May 21 (UTC+8), HSBC Global Research analyst Ricky Seo said in a report that Samsung Electronics reached an agreement with the labor union on bonuses, suspending the planned strike. Seo said, "This should further shift investors' focus back to fundamentals." The analyst expects Samsung to regain leadership in chip products such as HBM4, DDR5, and triple-level cell SSDs. HSBC raised its second-quarter operating profit forecast for Samsung by 16% to 870 trillion Korean won, citing rising chip prices driven by strong demand for data servers. He said this forecast represents a 21% increase from the previous quarter and more than double from the same period last year. (Jinshi) (Source: ODAILY)
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