Samsung is attractively valued at 5.3 times forward earnings, well below its five-year average and other tech stocks, while benefiting from booming AI chip demand, memory chip tightness, and a fresh Apple partnership. Traders see it as not too late to join the rally.
South Korean stocks, as represented by the KOSPI, are rallying strongly, up over 5% in one day and 70% year-to-date, driven by foreign buying momentum and a new partnership between Samsung Securities and Interactive Brokers that allows direct access for foreign investors.