[Featured Stock] Samsung Electronics Surpasses 70,000 Won Intraday... SK Hynix Also Hits Record High
[Asia Economy Reporter Minji Lee] Samsung Electronics' stock price surpassed 70,000 won during trading amid expectations of a semiconductor boom. SK Hynix also continued its upward trend by hitting a new high.
At 10:11 a.m. on the 3rd, Samsung Electronics was trading at 70,100 won, up 0.86% from the previous day. On the same day, Samsung Electronics reached as high as 70,500 won during trading, setting a new record. The rise in Samsung Electronics' stock price was driven by expectations that the semiconductor industry could enter a long-term boom phase. SK Hynix also soared to 114,500 won during trading, achieving a new high.
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Currently, the highest target price for Samsung Electronics in the securities market is 90,000 won. Park Yoo-ak, a researcher at Kiwoom Securities, stated, “As DRAM enters a long-term boom cycle, earnings forecasts for next year and 2022 have been revised upward. The DRAM industry is expected to complete its downcycle by the first quarter of next year, and Samsung Electronics' operating profit in the DRAM sector next year is expected to reach 15.2 trillion won, a 32% increase compared to this year.”
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