[Featured Stock] Samsung Heavy Industries Preferred Shares Soar 654% in June, Rising from 50,000 Won to 400,000 Won
[Asia Economy Reporter Oh Ju-yeon] The preferred shares of Samsung Heavy Industries (Samsung Junggongwoo) have surged nearly eightfold throughout June.
As of 9:28 AM on the 15th, Samsung Junggongwoo shares were trading at 411,000 KRW, up 21.06% from the previous trading day. This represents a 654.13% increase from the closing price of 54,500 KRW on June 1.
While domestic shipbuilders have shown strong stock performance supported by large-scale order wins recently, the rise in Samsung Junggongwoo’s stock price has been so steep that it appears overheated.
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The Korea Exchange designated Samsung Junggongwoo as an 'Investment Warning Stock' on the 9th due to the rapid short-term price surge and suspended trading for one day. Then, on the 12th, it was further designated as an 'Investment Risk Stock' and trading was again halted for one day.
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