[Featured Stock] Samsung C&T Rises 5% on Earnings Improvement and Dividend Increase Expectations

[Asia Economy Reporter Minji Lee] Samsung C&T is showing an intraday rise of over 5%, supported by a performance surprise and expectations of increased dividends from affiliates.

At 10:12 a.m. on the 29th, Samsung C&T was trading at 139,500 KRW, up 4.89% from the previous trading day. The stock price rose as high as 141,000 KRW during the session.

Samsung C&T's first-quarter sales and operating profit reached 7.8 trillion KRW and 302.5 billion KRW, respectively, representing increases of 12% and 105% compared to the same period last year, significantly surpassing market expectations. Baek Gwang-je, a researcher at Kyobo Securities, stated, "It is time to approach buying from a mid- to long-term perspective, focusing on the rise in intrinsic value due to benefits from increased dividends from affiliates and the increased value of equity holdings in affiliates." He added, "This year, thanks to a large-scale improvement in overall business performance, the company is expected to achieve the highest operating profit ever."

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