2024-03-15 14:27:23
Expectations are growing for the performance of KOSPI-listed companies in the first quarter of this year, led by Samsung Electronics. According to financial information company FnGuide on the 14th, the consensus operating profit for the first quarter of this year for 179 KOSPI listed companies, for which more than three securities companies presented performance estimates, was approximately 46 trillion won. This is an increase of approximately 57% compared to 29 trillion won in the first quarter of last year. In particular, it is predicted that the performance recovery of major stock company Samsung Electronics will begin in earnest, and attention is focused on whether this will have an impact on the rise of the KOSPI. Samsung Electronics is expected to make an operating profit of 4.7117 trillion won in the first quarter of this year. This is 7.5 times the operating profit (KRW 640.2 billion) in the first quarter of 2023.
Hyundai Motor Company’s performance forecast for the first quarter of this year, which ranked first among KOSPI-listed companies last year, remains at KRW 3.5154 trillion. According to market expectations, Samsung Electronics is expected to surpass Hyundai Motors in five quarters. Samsung Electronics’ annual performance forecasts are also increasing. According to FnGuide, Samsung Electronics’ operating profit consensus this year is 32.3383 trillion won, up 234.5 billion won from a month ago. On the other hand, during the same period, Hyundai Motor Company’s performance forecast for this year fell slightly.
On this day, Meritz Securities raised its target price to 100,000 won, saying that Samsung Electronics’ semiconductor and smartphone shipments in the first quarter of this year will be higher than expected. Han Dong-hee, a researcher at SK Securities, said, “There are expectations for quantitative growth due to the macroeconomic recovery, but most of Samsung Electronics’ businesses are passing the bottom, so there is only room for improvement.” On this day, Samsung Electronics closed at 74,300 won, up 200 won (0.27%) from the previous day.
This month, foreign investors who had been ignoring Samsung Electronics began to ‘guess the semiconductor key’ once more. Foreigners were net sellers of Samsung Electronics for five consecutive trading days until the 12th, selling 956.4 billion won worth of shares, but they have continued to be net buyers from the next day. Foreigners made a net purchase of Samsung Electronics worth 244.7 billion won on the 13th and 10.2 billion won on the 14th. The stock market predicted that foreigners will include non-artificial intelligence (AI) semiconductor stocks such as Samsung Electronics, which have been neglected in the stock market, for the time being. Institutional supply and demand is also focused on Samsung Electronics. Institutional investors supported KOSPI’s leading stock by net purchasing 527.3 billion won worth of Samsung Electronics as of the 14th of this month. In particular, it has been showing a strong buying trend recently, showing a buying advantage of 244.3 billion won and 214.8 billion won on the 8th and 12th, respectively.
Meanwhile, the performance outlook for SK Hynix, a beneficiary of the AI semiconductor craze, is also bright. In the first quarter of this year, SK Hynix is expected to earn an operating profit of 1.1329 trillion won.
Major stocks expected to improve performance in the first quarter of this year are Korea Electric Power Corporation (KEPCO) and HMM. KEPCO’s operating profit forecast for the first quarter is KRW 2.4561 trillion, and it is expected to produce more than double the performance of the fourth quarter of last year, when it turned into a surplus. Performance appears to be recovering quickly thanks to the increase in electricity rates in November of last year. HMM, which experienced merger and acquisition issues last year, is expected to reap an operating profit of 600.2 billion won in the first quarter of this year. This is a 95% increase compared to the same period last year. Meanwhile, on this day, KOSPI closed at 2718.76, up 0.94% from the previous day, due to a large influx of foreign net purchases just before the market closed. This is the highest since April 20, 2022.
[명지예 기자 / 김정석 기자]
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