[Featured Stock] Samsung Electronics Continues Rising, Setting New All-Time Highs

[Asia Economy Reporter Eunmo Koo] Samsung Electronics is continuing its rise, hitting record highs.

As of 10:02 AM on the 10th, the stock is trading at 59,000 KRW, up 0.68% (400 KRW) from the previous trading day.

Samsung Electronics, which set a record high the previous day, is continuing its record-breaking streak with gains early in the trading session. Previously, Samsung Electronics closed at 58,600 KRW, up 3.17% from the previous day. This is the highest record in about 45 years since its listing on June 11, 1975, based on adjusted stock prices.

The recent strength of Samsung Electronics appears to be driven by expectations that the semiconductor industry has hit the 'bottom' and will recover. Samsung Electronics had experienced poor performance due to price declines caused by decreased semiconductor demand. The company's provisional operating profit for last year was 27.7 trillion KRW, a sharp drop of 52.9% compared to the previous year, marking the lowest level since 2015 (26.4 trillion KRW), and provisional sales (229.5 trillion KRW) also decreased by 5.85% from the previous year.

However, in the fourth quarter of last year, Samsung Electronics posted results that exceeded market expectations. On the 8th, Samsung Electronics announced through a disclosure that its provisional operating profit for the fourth quarter of last year was 7.1 trillion KRW, which is strengthening the outlook for a performance rebound due to the recovery in the semiconductor market.

This content was produced with the assistance of AI translation services.