77% of Retail Investors Expect Samsung Electronics Rebound to Accelerate After Biden's Visit to Pyeongtaek Plant

[Image source=Yonhap News]

[Asia Economy Reporter Lee Myunghwan] A survey result showed that individual investors' expectations for a rebound in Samsung Electronics increased after U.S. President Joe Biden visited Samsung Electronics' Pyeongtaek plant as his first schedule in South Korea. However, individual investors anticipated further adjustments for 'SM Entertainment (SM),' which recorded an earnings surprise in the first quarter.

On the 26th, Dunamu announced the results of the fourth week of May survey conducted on its securities application (app) 'Securities Plus,' revealing these findings.

Among 4,113 app users who participated in the survey titled "Biden's first schedule at Samsung's Pyeongtaek plant... Will Samsung Electronics' rebound begin in earnest?" 77.4% answered 'It will rebound,' while 22.6% said 'There will be further adjustments.'

President Biden visited Samsung Electronics' Pyeongtaek semiconductor plant as his first schedule during his visit to South Korea on the 20th. He expressed gratitude for Samsung Electronics' decision last November to invest $17 billion (approximately 21 trillion KRW) in building a new foundry (semiconductor contract manufacturing) plant in Taylor, Texas, USA. He also emphasized semiconductor cooperation with South Korea, stating, "I look forward to very productive days ahead and believe we can explore ways to further strengthen the Korea-U.S. alliance."

In the survey titled "Benefiting from the endemic and strong Q1 performance! Has SM Entertainment hit bottom?" with 3,469 participants, 70.8% chose 'Not yet,' while 29.2% selected 'Has hit bottom.' SM Entertainment announced on the 16th that it recorded consolidated sales of 169.4 billion KRW and operating profit of 19.2 billion KRW in the first quarter of this year. These figures represent increases of 9.9% and 25%, respectively, compared to the same period last year, surpassing market expectations and constituting an earnings surprise. Securities firms cited strong sales of NCT Dream's second full album and Red Velvet's mini album, as well as increased activities in China leading to expanded appearance fees, MD, and licensing revenues as the reasons behind the strong first-quarter performance.

Meanwhile, the community tab of Dunamu's securities app Securities Plus conducts weekly surveys on major stock market issues. The issue stocks for the fourth week of May in the Securities Plus community included ▲Naintech ▲Daehan Electric Wire ▲Maxst ▲Busan Jugong ▲Samsung Electronics ▲Apple ▲SHNL ▲GW Vitec ▲Chorokbaem Media ▲Tesla ▲Korea Aerospace Industries ▲Hanchang ▲Hyundai Everdigm ▲Hurim Robot ▲HK Inno.N ▲HLB ▲HMM, among others.

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