[Featured Stock] Samsung Electronics Rises for 3 Consecutive Trading Days... Settles at '60,000 Won Electronics'
[Asia Economy Reporter Hwang Yoon-joo] Samsung Electronics rose for the third consecutive trading day, reaching the 61,000 KRW level.
As of 9:40 AM on the 8th, Samsung Electronics is trading at 61,600 KRW, up 2.33% (1,400 KRW) from the previous day. At this time, foreign investors are net buying worth 8.982 billion KRW, driving the stock price. Foreign investors purchased 56.1 billion KRW worth of shares the previous day.
The Philadelphia Semiconductor Index closed up 2.18% in the U.S. stock market the previous day, which is also interpreted as influencing the upward trend. The Philadelphia Semiconductor Index is composed of leading semiconductor stocks.
Although Samsung Electronics' semiconductor performance in the fourth quarter is expected to be weak, analysis suggests that profit generation is possible due to cost competitiveness, which appears to have improved investor sentiment.
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Dongwon Kim, a researcher at KB Securities, analyzed Samsung Electronics the previous day, stating, "In the semiconductor downcycle, differentiated NAND profitability and high profit generation from OLED are expected to confirm competitiveness, and the operating profit ratio of Display (DP) is expected to reach the highest level in 10 years."
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