[Featured Stock] Samsung Electronics Escapes 70,000-Won Mark... Up 2%

[Asia Economy Reporter Lee Seon-ae] Samsung Electronics has escaped from the 70,000 won range and re-entered the 80,000 won range.

According to the Korea Exchange on the 21st, as of 9:45 a.m., Samsung Electronics is trading at 81,200 won, up 1,700 won (2.14%) from the previous day. After closing at 80,100 won on the 14th, Samsung Electronics traded around the 79,000 won level for three consecutive days.

The rise today appears to have been greatly influenced by the U.S. semiconductor meeting. According to foreign media, Samsung Electronics, Taiwan's TSMC, GM, Ford, Intel, Google, Amazon, and others were invited to this semiconductor chip meeting. It was held again on the same topic following the meeting chaired by Jake Sullivan, White House National Security Advisor, on the 12th of last month. Samsung Electronics was the only domestic company to participate in the first 'semiconductor meeting.'

Kim Dong-won, a researcher at KB Securities, said, "The stock price fell due to a combination of factors such as increased inventory caused by demand slowdown, margin pressure due to the peak in operating profit margin, and concerns about oversupply caused by large-scale facility investment expansion," adding, "Samsung Electronics' operating profit this year is expected to be 47.5 trillion won, the highest performance in three years since 2018."

Meanwhile, recently, securities firms have been lowering their target prices for Samsung Electronics. On this day, Hi Investment & Securities lowered the target price for Samsung Electronics from 100,000 won to 92,000 won. Recently, Hana Financial Investment also lowered it from 111,000 won to 101,000 won.

Kim Kyung-min, a researcher at Hana Financial Investment, diagnosed, "In the non-memory semiconductor sector (automotive semiconductors, SSD controllers, Driver IC), the ongoing supply shortage situation may act as a factor limiting product shipments in Samsung Electronics' set division (IM, TV)."

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