[Featured Stock] Samsung Electronics Rises for 2 Consecutive Trading Days, Touches 85,000 Won

[Asia Economy Reporter Lee Seon-ae] Samsung Electronics has been rising for two consecutive trading days. This is interpreted as being driven by expectations of strong earnings.

As of 9:11 AM on the 2nd, Samsung Electronics is trading at 85,000 KRW, up 2.53% from the previous day. After the market opened, the price rose to 85,200 KRW.

According to Hi Investment & Securities, Samsung Electronics' operating profit for the first quarter of this year is expected to exceed market expectations at 9.5 trillion KRW. By division, the first quarter operating profits are projected to be 3.6 trillion KRW for semiconductors, 400 billion KRW for displays, 4.6 trillion KRW for mobile, and 1.1 trillion KRW for consumer electronics.

Researcher Song Myung-seop said, "The semiconductor division is expected to perform somewhat sluggishly compared to competitors due to a power outage at the Austin plant in the U.S., but the mobile division is forecasted to see a significant increase in earnings thanks to strong shipment volumes and cost reductions driven by the non-face-to-face environment."

Meanwhile, it was reported that U.S. President Joe Biden's national security and economic advisors will soon meet with semiconductor and automobile companies to discuss measures to address the global semiconductor chip shortage. The meeting will include many semiconductor, automobile, and tech companies such as Samsung Electronics, General Motors, and GlobalFoundries.

This content was produced with the assistance of AI translation services.