[Featured Stocks] Samsung Electronics and SK Hynix Reach 60,000 Won and 100,000 Won Respectively... 52-Week Highs
[Asia Economy Reporter Oh Ju-yeon] Samsung Electronics and SK Hynix both hit 52-week highs on the 13th.
As of 2:49 PM that day, Samsung Electronics was trading at 60,000 KRW, up 0.84% from the previous trading day, and SK Hynix was trading at 100,000 KRW, up 1.11% from the previous trading day. This is interpreted as due to strong buying by foreigners.
At this time, foreigners bought Samsung Electronics shares worth 130.6 billion KRW, while institutions sold shares worth 117.4 billion KRW. Foreigners also bought SK Hynix shares worth 129.8 billion KRW, showing a strong stock price. Institutions sold shares worth 118.5 billion KRW.
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On this day, Choi Do-yoon, a researcher at Shinhan Financial Investment, forecasted, "By the end of Q1 this year, DRAM manufacturers' inventory is expected to normalize, and severe DRAM supply shortages are anticipated from Q2." He added, "DRAM prices are expected to turn upward from Q1, and NAND prices are also expected to rise significantly," raising the target prices of Samsung Electronics and SK Hynix to 73,000 KRW and 135,000 KRW, respectively.
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