SEMCO 009150.KS 009150 KS EQUITY: TECHNOLOGY Reflecting the 2027F AI-driven shortage Maintain Buy and raise TP to KRW2,500,000; remains as our Korea IT hardware/display sector top pick Maintain Buy and raise TP to KRW2,500,000, implying 25.2% upside We reaffirm our Buy rating and raise TP to KRW2,500,000 (from KRW1,300,000), based on 2027F EPS of KRW40,534 (previously: KRW25,233; Fig. 15 ), multiplied by our target P/E of 60.7x (previously P/B of 50.4x). Our target P/E is global MLCC and substrates companie ...