2024-03-22 09:31:28
Samsung Electronics Headquarters
“Why is only Samsung Electronics in the box office? “Isn’t the right time to buy when people are asking when they will make money from miscellaneous stocks like Samsung Electronics?” (Investor A)
“I bought it thinking it was at the bottom, but it was heartbreaking to go all the way down to the basement. So I sold it as soon as it went up, and it’s heading towards 80,000. “Is it really going to be 100,000 electrons?” (Investor B)
Samsung Electronics’ stock price closed at 79,300 won on the 21st, up 3.12% from the previous day. This is the return of ‘Samsung Electronics, the leader’, with ‘80,000 Electronics (Samsung Electronics stock price 80,000 won)’ just around the corner. Nvidia Chairman Jensen Hwang’s statement that ‘Samsung Electronics is entering a growth cycle’ and the results of the U.S. FOMC (Federal Open Market Committee) all acted as positive factors.
However, it is foreign investors and institutions that are jumping in, believing that Samsung Electronics’ stock price will rise further. On this day, foreigners net bought 1.065 trillion won and institutions net bought 500 billion won of Samsung Electronics stocks. On the other hand, individuals net sold 1.5423 trillion won. After recording the highest net selling amount in history at 1.5 trillion won the previous day, it broke the record once once more.
Then a comment like this appeared on the Internet. “This is why ants can’t make money.” Someone clicks their tongue and says “So, you said Samsung Electronics and Gangnam apartments are not for sale.”
◇“Market profit even if only a little”
Meanwhile, Samsung Electronics showed a sluggish stock price trend compared to SK Hynix, moving sideways between 60,000 and 70,000 won. Meanwhile, more than 1 million minority shareholders left Samsung Electronics last year alone.
On the 20th, 600 shareholders who attended Samsung Electronics’ regular general shareholders’ meeting complained to Vice Chairman Han Jong-hee, the chairman of the shareholders’ meeting, asking, “Why isn’t Samsung Electronics the only company with higher prices?”
NVIDIA CEO Jensen Huang also wore a black leather jumper during his keynote speech at the NVIDIA developer conference ‘GTC 2024’ held at the SAP Center in San Jose, California on the 18th (local time). / AFP Yonhap News
Then, on this day, NVIDIA CEO Jensen Hwang said, “We are verifying Samsung Electronics’ high-bandwidth memory semiconductor (HBM) in California, USA. When he said, “I have high expectations,” Samsung Electronics’ stock price rose sharply, rising 5.63% in one day.
It appears that individual investors have started selling due to the rapid rise of Samsung Electronics, which has not been seen in a long time. An industry official said, “People who bought at the low point would have thought, ‘Let’s sell now and make a profit,’ and people who bought at the high point would have thought, ‘Let’s sell now and minimize the loss.’” Samsung Electronics’ all-time high price was 91,000 won on January 11, 2021. In addition, the average individual purchase price in 2021, when the net buying force for Samsung Electronics was the largest, is estimated to be regarding 80,848 won. Meanwhile, according to an analysis of customer accounts by Kiwoom Securities, the securities company with the largest share of the retail market, the average purchase price of Samsung Electronics stocks by Kiwoom Securities customers at the end of last year was 74,800 won.
Graphics = Yang Jin-kyung
Nvidia CEO Jensen Huang said this regarding Samsung Electronics.
“You (Korean reporters) do not know how great a company Samsung is because you live in the same country as Samsung. “Samsung is a very extraordinary company, and everything that goes into automotive is done by Samsung.”
Then, the following reactions emerged from the stock investment community.
“I know it’s great. So I’m stuck on the 8th floor.” “I think it’s very extraordinary. So it’s the rooftop (9th floor). Help me.”
◇100,000 Electronic Ghana
The reason Samsung Electronics’ stock price rose was because several favorable factors coincided. The FOMC confirmed interest rate cuts three times within the year, and Samsung Electronics is expected to receive $6 billion (regarding 7.96 trillion won) in semiconductor subsidies from the U.S. government on the 28th.
Securities analysts expect Samsung Electronics’ stock price to rise further.
Meritz Securities analyst Kim Seon-woo, who predicted that it would hit 100,000 electronics, said, “Samsung Electronics’ operating profit estimate for the second quarter of this year is also expected to be higher, from the previous 3 trillion won to 5.5 trillion won, and the smartphone and Galaxy S24 shipment estimates are also higher than before. “Because it is predicted.” Han Dong-hee, an analyst at SK Securities, also set the target stock price at 100,000 won due to increased operating profit and memory surplus.
On the other hand, Lee Min-hee, a researcher at BNK Investment & Securities, predicted it at 86,000 won. Researcher Lee said, “Performance is improving every quarter following bottoming early last year, and we expect an upward trend in the long term, but this is because direct AI benefits are small and dependency on mobile is high.”
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