Distrust of securities firms affected by Samsung Electronics stock price slump
Intensive purchase of secondary batteries by Posco Holdings and others
Two months after Samsung Electronics stock price recovered to the 70,000 won level, individual investors sold more than 2.8 trillion won of Samsung Electronics shares, it was found. Even in the bottom of the semiconductor industry, individuals are ignoring Samsung Electronics and intensively buying secondary battery-related stocks.
According to the Korea Exchange on the 21st, Samsung Electronics closed the transaction at 70,300 won, down 700 won (0.99%) from the previous trading day, barely keeping the 70,000 won mark. At one time during the intraday, it was pushed back to 69,400 won. Samsung Electronics, which exceeded 70,000 won based on the closing price on May 26 last month, is fluctuating around the 70,000 won level. At the beginning of this month, it broke through 73,600 won and wrote a new 52-week high, but the stock price has hardly risen.
In the midst of this, it was found that individuals were steadily selling Samsung Electronics shares. After selling 453.2 billion won on the day it surpassed 70,000 won, a total net sale of 2.8655 trillion won was sold until today.
It seems that the reason why individuals are selling Samsung Electronics stock is that Samsung Electronics stock price is not rising. While semiconductor-related stocks were at a standstill, secondary battery, medical artificial intelligence ( AI ), and robot-related토토사이트 stocks were playing out, replacing stocks to buy.
In fact, individuals intensively bought secondary battery stocks during the period of selling Samsung Electronics. It net bought POSCO Holdings for KRW 1.2594 trillion, and also bought LG Chem (KRW 482.7 billion), LG Energy Solutions (KRW 442.9 billion), and SK Innovation (KRW 377.1 billion).
Analysts say that the loss of trust in securities companies also affected the ants’ disregard for Samsung Electronics. This is because secondary battery stocks, including Ecopro Group stocks, are not stopping their rise despite overheating warnings from securities companies. Stock prices of Ecopro and Ecopro BM rose by 128.82% and 64.22%, respectively, compared to early April, when securities firms issued warnings about overheating stock prices of Ecopro BM. During the same period, Samsung Electronics rose only 11.41%.
On April 4, Jang Jeong-hun, a researcher at Samsung Securities, changed his investment opinion from BUY to HOLD in a report titled ‘The chaos of holding companies receiving NAV premiums’. Researcher Kim Hyeon-soo of Hana Securities also adjusted his investment opinion from BUY (buy) to REDUCE (sell) through a report titled ‘ Great company , but bad stock ‘ on April 12 . Despite the cold eyes of individual investors, stock markets are publishing reports recommending low-priced purchases of Samsung Electronics. The target price has already been raised one after another, and a forecast of ‘90,000 electrons’ has come out. The target stock price of Samsung Electronics by securities company is 95,000 won for Korea Investment & Securities and KB Securities, and 95,000 won for Kiwoom Securities and IBK.
Investment Securities is 90,000 won, NH Investment & Securities is 84,000 won, and Hana Securities is 78,000 won. Kim Dong-won, a researcher at KB
Securities , who presented the highest target price, predicted, “From the third quarter, the DRAM average selling price ( ASP ) will turn upward due to the full-fledged shipment of high value-added new products ( HBM3 , DDR5 ) and the effect of supply reduction due to production cuts .” Meanwhile, Samsung Electronics’ sales in the second quarter were down 22.28% year-on-year to 60 trillion won, and its operating profit fell 95.74% year-on-year to 600 billion won. Operating profit far exceeded market expectations of 300 billion won. Choi Bo-young, a researcher at Kyobo Securities , said , “Operating profit has improved thanks to improved cost structure and improved profit margins through cost reduction.