As of 1:30 PM on the 26th, Samsung Electronics is trading at 60,500 KRW, up 0.5% from the previous day. The trading volume is 10,381,882 shares, which is 123.34% of the previous day's volume. Samsung Electronics is known as a global IT company.
On October 26, Yoo Jong-woo, a researcher at Korea Investment & Securities, stated, "The key issue is how Chairman Lee Kun-hee's shares will be inherited. There is unlikely to be a significant change in Samsung Electronics' control. The challenge lies in securing funds for inheritance tax. It is difficult to predict exactly how the new shareholder return policy will be decided, but it is highly likely to be expanded, which is expected to have a positive impact on Samsung Electronics' stock price. Samsung Life Insurance's dividends will also be a major source of funds for the inheritance tax. Regardless of amendments to the Insurance Business Act, the shareholder-friendly policies currently adopted by financial affiliates are expected to be maintained and expanded." He set the target price for Samsung Electronics at 81,000 KRW.
Over the past five days, individual investors have net sold 5,476,462 shares of Samsung Electronics, while foreigners and institutions have net bought 3,816,451 shares and 2,144,723 shares, respectively.
※ Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
