[Featured Stock] Samsung Electronics Rises Over 3% Despite COVID Concerns

[Asia Economy Reporter Minji Lee] Despite concerns over the novel coronavirus infection (Wuhan pneumonia), Samsung Electronics recorded a rise for the second consecutive day.

On the 4th, Samsung Electronics closed the session on the KOSPI market at 59,800 KRW, up 2.97% from the previous trading day.

Recently, due to concerns about the novel coronavirus, investment sentiment in the semiconductor sector had weakened, causing a slight decline in stock prices. However, as expectations emerged that the related impact would be limited, the stock price showed signs of recovery.

Researcher Soobin Lee of Daishin Securities said, "The direct impact of the coronavirus on memory semiconductor production is limited," adding, "Currently, DRAM and NAND fabs in China are operating according to the existing plans."

This year, Samsung Electronics is expected to improve its performance supported by the recovery trend in the semiconductor industry. Researcher Taewoo Kwon of DS Investment & Securities said, "Based on efforts to normalize semiconductor inventory in the first half of the year and flexible investment plans in response to a conservative market, profitability will be strengthened," and added, "The rebound in DRAM and NAND prices will also continue."

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