Individual investors, who had been selling off Samsung Electronics with over 2 trillion won until early this year, are now fearlessly buying back the stock. The securities industry is also expressing expectations for an improvement in Samsung Electronics' performance starting from the third quarter.
According to the securities industry on the 10th, Samsung Electronics concluded trading at 69,500 won, down 400 won (0.57%) from the previous day.
Although the stock showed a slight decline on that day, individual investors net purchased Samsung Electronics worth 49 billion won in just one day. From the 3rd to the 7th of the previous week, individuals also net purchased Samsung Electronics worth 195.1 billion won, ranking first in net purchases during that period.
Individual investors have been net buyers of Samsung Electronics since the 5th until today. It is the first time in about two months since May 9-12 that individual investors have been net buyers of Samsung Electronics for four consecutive days.
Especially on the 7th, when Samsung Electronics received its worst performance report since the financial crisis, individual investors net purchased 301.5 billion won worth of shares.
On that day, Samsung Electronics announced a provisional aggregation of 600 billion won in operating profit for the second quarter of this year, a 95.7% decrease compared to the same period last year. It is the lowest level in about 14 years since the first quarter of 2009 (590 billion won). Sales also showed a 22.3% decrease compared to the same period last year, amounting to 60 trillion won.
However, it is analyzed that the stormy buying spree of individual investors continues due to the expectation that the stock has essentially hit rock bottom.
The securities industry is also gathering expectations that significant improvement in performance will be possible from the third quarter. This is due to expectations of overall supply reduction and demand recovery.
According to FnGuide, a securities information provider, the estimated operating profit for the third quarter of Samsung Electronics is 3.5767 trillion won, a 67.04% decrease compared to the same period last year. Yuanta Securities also forecasted that Samsung Electronics' operating profit during this period will exceed 4 trillion won.
Baek Gil-hyun, a researcher at Yuanta Securities, stated, "As we pass the second quarter, the impact of supply reduction will intensify, and memory chip inventory will enter the peak-out phase. From the third quarter, attention should be paid to the possibility of a rebound in memory chip prices, focusing on DRAM."
Kim Dong-won, a researcher at KB Securities, also explained, "The first half of the year saw the bottoming out of semiconductor (DS) performance, and from the third quarter, the high-value DRAM (HBM3, DDR5) shipments and the effect of supply reduction will lead to a reversal in the average selling price (ASP) of DRAM." He added, "In the third quarter, while the semiconductor division's losses are expected to decrease by 47% compared to the second quarter, there will be improvements in display (DP) performance."
https://www.mk.co.kr/news/stock/10781005
