Individual and foreign investors are showing mixed moves towards Samsung Electronics. In March, while individual investors sold Samsung Electronics day after day, net foreigners bought the volume as it was and spent it. It is interpreted that investor sentiment has revived on the possibility that conditions in the semiconductor industry will peak in the second quarter and earnings will improve in the second half.
According to the Korea Exchange on the 28th, individual investors sold net Samsung Electronics for 925.4 billion won from the 2nd to today. During this period, Samsung Electronics was the first in terms of net sales by individual investors.
In particular, individual investors sold Samsung Electronics for five consecutive trading days from the 21st to the 27th. Net sales amounted to 815.6 billion won during this period alone.
On the other hand, foreigners bought a net 879.8 billion won during the same period, receiving the number of individual investors. It is different from the net sale of 190.7 billion won in the KOSPI market this month. Samsung Electronics ranked No. 1 in overseas net purchases this month.
Samsung Electronics’ first quarter earnings forecast is bleak. According to FnGuide, Samsung Electronics’ consensus operating profit for the first quarter is expected to drop 89.36% year-on-year to KRW 1,502.8 billion. The operating profit estimate was down 74.6% (4.4227 trillion won) from the forecast at the beginning of the year. Even compared to a month ago, it was revised down by 36.67%.
The stock price is also slow. In contrast to the stock market’s rosy forecast that it will recover to the 80,000 won level at the start of this year, it is hovering around the 60,000 won level.
The stock price of Samsung Electronics, which started trading at 55,500 won on the first trading day of this year, rose to 64,600 won on the 27th of the same month. Contrary to expectations that it would recover the 70,000 mark achieved, the stock price showed a sideways trend. On the 10th of this month, it closed at 59,500 won, breaking the 60,000 won mark.
However, stock markets are predicting earnings to bottom out in the second quarter of this year and improve in the second half. Kim Gwang-jin, a researcher at Hanwha Investment & Securities, said, “The performance of the DS division, which will be a direct trigger for a stock price rebound, is expected to bottom out in the first quarter of this year and gradually improve. from the second quarter.” Based on the lower adjusted supply growth rate, shipments are expected to increase and downward pressure on prices will ease from the second quarter of this year.”
The fact that intensive natural production cuts are underway is also evaluated positively. Seo Seung-yeon, a researcher at Shinyoung Securities, said, “Memory latecomers are implementing supply controls in response to the sluggish semiconductor industry. We expect an improvement,” he said.
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