HSBC: Samsung Reaches Agreement with Labor Union, Market Focus Expected to Return to Fundamentals

Odaily News HSBC Global Research analyst Ricky Seo stated in a report that Samsung Electronics has reached an agreement with its labor union regarding bonus issues, suspending the previously planned strike. Seo noted, "This should further shift investors' attention towards fundamentals."

The analyst expects Samsung to reclaim its leadership in chip products such as HBM4, DDR5, and triple-level cell solid-state drives. HSBC has raised its operating profit forecast for Samsung in the second quarter by 16% to 8.7 trillion Korean won, citing stronger demand from data servers driving up chip prices. Seo indicated that this forecast would represent a 21% increase from the previous quarter and more than double compared to the same period last year. (Jinshi)