[Special Stock] Samsung Electronics Surpasses 60,000 Won Intraday on Expectations of Record Q3 Earnings
![[Special Stock] Samsung Electronics Surpasses 60,000 Won Intraday on Expectations of Record Q3 Earnings](http://www.asiae.co.kr/news/img_view.htm?img=2019102215375738805_1571726278.jpg)
[Asia Economy Reporter Eunmo Koo] Samsung Electronics' stock price surpassed 60,000 won during trading. This appears to be influenced by expectations of record-breaking performance in the third quarter of this year.
As of 9:17 AM on the 10th, Samsung Electronics was trading at 59,700 won, up 2.23% (1,300 won) compared to the previous trading day. Early in the session, the price rose to 60,000 won, recovering the 60,000 won level intraday for the first time in about a month since July 30.
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Expectations for third-quarter earnings seem to be having an impact. Recently, the securities industry has been optimistic that operating profit for the third quarter will exceed 10 trillion won due to the recovery in sales of smartphones, TVs, and home appliances. If Samsung Electronics' third-quarter operating profit surpasses 10 trillion won, it will mark the first time in two years since the fourth quarter of 2018 (10.8 trillion won) that operating profit has reached the 10 trillion won level.
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