Samsung has substantial upside potential on sound fundamentals: Report

Investor sentiment has been unduly negative toward Samsung Electronics in light of the company’s strong performance and solid earnings forecast, a chief analyst at a local research firm has said.

“I think investor worries are excessive. Limited supply will shore up memory chip prices in the coming months,” Greg Roh, head of HMC Investment & Securities Research Center in Seoul, said during a recent interview with Yonhap News Agency.

Roh is one of the country’s leading semiconductor analysts.

“DRAM bit growth is forecast to be only in the low to mid teens early next year, so prices will stabilise or even go up amid supply constraints, even if a recession comes,” he said.