stock
Entered 2024.04.16 10:20 Modified 2024.04.16 10:35
A foreigner who lost money in Samsung, guesses what he had in it… ‘Value business’ that delivers results
Some profit from Samsung Electronics, up 13% since March 19th
SK Hynix and Hanmi Semiconductor, which led the HBM theme, also sold
Hyundai Motors, Kia, and Samsung C&T, backed by earnings, ‘buy at low prices’
Photo = Yonhap News A foreigner who gradually bought Samsung Electronics sold part of it. He quit as the stock market adjusted due to heightened military tensions in the Middle East. Not only Samsung Electronics, but also semiconductor stocks that have led the Korean stock market, such as SK Hynix and Hanmi Semiconductor, have also started to make profits.
On the other hand, stocks expected to ‘rise in value’ were bought, including car stocks. As stock prices adjusted due to concerns about the loss of upward policy momentum after the general election, they appeared to be buying at low prices. According to the Korea Exchange on the 16th, foreigners sold Samsung Electronics stocks with a net worth of 71.764 billion won the day before. The foreign net buying trend for Samsung Electronics, which lasted for 18 trading days from the 19th of last month, has come to an end. It seems to be the nature of profit taking due to the increase in stock prices. Samsung Electronics’ closing price on the 15th was 82,200 won, up 12.91% from the 18th of last month (72,800 won).
Following Samsung Electronics, SK Hynix and Hanmi Semiconductor were 2nd and 4th in overseas net sales with KRW 52.197 billion and KRW 43.913 billion, respectively. These are stocks that have shown remarkable progress, leading the theme of high bandwidth memory (HBM) semiconductors used in graphics processing units (GPUs) for artificial intelligence (AI) computing.
Third in net selling was the KODEX 200 ETF, which tracks the KOSPI 200 index. As the exchange rate rose due to heightened military tensions in the Middle East and expectations of a key interest rate cut in the US, they were betting on the possibility that the KOSPI index would decline for the time being. The won-dollar exchange rate moved in the mid-1,300 won per dollar range on the 9th, but rose sharply from the 11th and increased to 1,384 won the previous day. This is the highest level since October 2022, when the US Central Bank (Fed) suddenly raised the benchmark interest rate. Jeong Eun-bo, Chairman of the Korea Exchange, gives a greeting at the ‘1st Seminar on Corporate Value Up Support Plan for the Korean Stock Market Jump’ held at the Korea Exchange in Yeouido, Seoul on February 26th. Photo = Reporter Kang Eun-gu, Korea Economic Daily In fact, on the 15th, foreigners sold net 238 billion won the value of spot stocks in the stock market, 71.4 billion won the value of KOSDAQ listed stocks, and 433.9 billion won the value of KOSPI 200 futures. The amount of net sales in the stock market is also the largest since the 19th of last month.
Foreigners showed trading trends that revealed a negative outlook on the domestic stock market, but they bought stocks related to value industries. Among the top 10 net stocks bought by foreigners on the 15th, Hyundai Motors (net purchase amount of 28.416 billion from now on, 2nd place), Samsung C&T (17.921 billion won, 3rd place), POSCO Holdings ( 16.16 billion earned, 4th place) , and Kia (108 There were six expected beneficiaries, including KRW 100.4 billion, 8th place, CJ CheilJedang (KRW 10.24 billion, 9th place), and Korea Electric Power Corporation (KRW 9.795 billion, 10th place), attracted the attention of investors after the policy was announced -up the overwhelming victory of the entire opposition party in the general election.
However, stock prices rebounded as foreign buying began to flow into performance-backed stocks. Shin Seung-jin, a researcher at Samsung Securities, said, “The Korean and US markets are entering a full earnings season,” and added, “A strategy of condensing and responding to stocks with earnings momentum will be effective.”
Hyundai Motors and Kia fell 3.51% and 3.33%, respectively, during the trading session on the 11th, but turned up amid net purchases by foreigners. Shin Seung-jin, a researcher at Samsung Securities, said, “Auto stocks have offset the recent drop in electric vehicle sales with the hybrid craze, and the impact of the recent dollar strength is expected.” Auto companies that receive dollars by selling cars overseas will see their Korean converted profits increase significantly when the exchange rate rises. Samsung C&T recently raised its performance estimates, and Kyobo Securities recently raised its target stock price. Baek Gwang-je, a researcher at this securities firm, said, “The stock price has fallen sharply since March due to lower expectations for the value-up program, but Samsung C&T remains concerned about additional shareholder returns.” Performance growth in all business divisions, including construction, continues “We expect visible growth in new business sectors such as hydrogen and solar energy,” he said.
Reporter Han Kyung-woo, Hankyung.com case@hankyung.com
#Samsung #Electronics #swept #that.. #ate
