Samsung Electronics, Stock Price -0.75% at This Hour... Foreigners Net Buy 4,826,038 Shares in Last 5 Days

As of 10:30 AM on the 29th, Samsung Electronics is trading at 52,900 KRW, down 0.75% from the previous day. The trading volume is 5,819,257 shares, which is about 27.22% of the previous day's volume. Samsung Electronics is known as a global IT company.

On June 25, Yoo Jong-woo, a researcher at Korea Investment & Securities, stated, "The recovery in demand for sets such as smartphones and TVs in the US and Europe is occurring more sharply than expected, resulting in sales and profits exceeding expectations. In the semiconductor sector, profits are increasing due to rising prices of memory semiconductors, whereas in the DP sector, the impact of component inventory adjustments by set manufacturers is becoming more pronounced, and the reflection of one-time gains is delayed, leading to an expanded deficit compared to the previous quarter. After set manufacturers complete inventory adjustments during the third quarter and demand for memory semiconductors recovers, the stock price is expected to rebound." He set the target price for Samsung Electronics at 62,000 KRW.

Over the past five days, individual investors have net sold 2,758,786 shares of Samsung Electronics, while foreigners and institutions have net bought 4,826,038 shares and net sold 2,667,698 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.