[Featured Stock] Samsung Electronics, Which Was Racing Ahead, Takes a Brief Breather
[Asia Economy Reporter Eunmo Koo] Samsung Electronics, which has surged to the '90,000 won stock' mark without hesitation, appears to be taking a breather.
As of 10:13 AM on the 12th, Samsung Electronics was trading at 90,900 won, down 0.11% (100 won) from the previous trading day. As of 10 AM, foreign and institutional investors were tentatively recorded as net sellers of Samsung Electronics shares worth 75.2 billion won and 57.3 billion won, respectively.
Samsung Electronics is the stock most purchased by individual investors this year. According to the Korea Exchange, individual investors have net bought Samsung Electronics shares worth 3.8029 trillion won over six trading days up to the previous day this year. In contrast, institutional and foreign investors have net sold 2.4168 trillion won and 1.5006 trillion won worth of shares, respectively, during the same period.
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Although it seems to be taking a short breather, the market's evaluation of Samsung Electronics remains positive. Choi Doyeon, a researcher at Shinhan Financial Investment, said, "The three conditions for revaluation are met: market (decline in discount rate), industry (highlighting semiconductor intangible value due to rising entry barriers), and company (expansion of non-memory business value). It is a time to focus on direction rather than obsessing over the historical upper limit of valuation."
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