[Featured Stock] Samsung Electronics Returns to '60,000 Won' Level in One Day... Declines Over 1%

[Asia Economy Reporter Song Hwajeong] Samsung Electronics fell back to the 60,000 won range just one day after recovering to the 70,000 won level.

As of 9:34 a.m. on the 18th, Samsung Electronics was trading at 69,400 won, down 700 won (1.0%) from the previous day.

Negative outlooks on DRAM prices are exerting downward pressure on Samsung Electronics' stock price. Taiwanese semiconductor market research firm TrendForce recently reported that the DRAM price uptrend, which began earlier this year, will end in the fourth quarter, with prices expected to fall 3-8% compared to the previous quarter. In particular, next year is expected to enter a full-fledged decline phase, with prices forecasted to drop 15-20% compared to this year.

Kim Unho, a researcher at IBK Securities, said, "Currently, due to concerns over DRAM prices, Samsung Electronics' stock price is undervalued relative to its performance, and the stock price is expected to remain weak for the time being. It is advisable to take a conservative approach until the DRAM price trend for the first quarter of next year is confirmed."