[Featured Stock] Samsung Electronics Surges Over 5%, Rises for 8 Consecutive Trading Days...
![[Featured Stock] Samsung Electronics Surges Over 5%, Rises for 8 Consecutive Trading Days...](http://www.asiae.co.kr/news/img_view.htm?img=2019102215375738805_1571726278.jpg)
[Asia Economy Reporter Eunmo Koo] Samsung Electronics is continuing its strong performance, surging more than 5% during intraday trading.
As of 10:26 AM on the 3rd, Samsung Electronics was trading at 54,100 KRW, up 5.25% (2,700 KRW) compared to the previous trading day. This marks the eighth consecutive trading day of gains.
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On the same day, Younggun Kim, a researcher at Mirae Asset Daewoo, stated in a report, “Samsung Electronics’ operating profit is expected to maintain an upward trend in the second half of the year,” adding, “With improved DRAM performance driving continued profit growth in the semiconductor division, the IM division’s performance normalization is anticipated due to a recovery in smartphone demand in the second half.”
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