[아이뉴스24 류은혁 기자] Samsang Electronics, the leader of the domestic stock market, exceeded 80,000 won per share as individual investors’ funds flowed in large scale due to issues of inheritance tax and gift tax. In addition, it is contributing to the rise of the stock price with the outlook that the foundry (consigned semiconductor production) business value will emerge from this year.
Stock prices predicted that Samsung Electronics’ profits will increase significantly as the prices of DRAM semiconductors, which are its flagship export products, increase this year. As a result, even securities companies that offer a target price of 95,000 won are attracting the attention of investors.
According to the Korea Exchange on the 1st, Samsung Electronics finished trading at 81,000 won at the end of last year, recording a record high based on the closing price. It is more than 90% higher than the yearly low of 42,300 won recorded in March.
The rise of Samsung Electronics at the end of last year was driven by individual investors. Over the past month, individuals bought a whopping 3,259 billion won, while foreigners and institutions sold net sales of 2,7137 billion and 3974 billion, respectively. It is analyzed that the expectation that additional shareholder return measures, such as special dividends and treasury stock purchases, will be introduced, coupled with the inheritance tax and gift tax issues of the late Chairman Lee Kun-hee’s children, stimulated individual investment sentiment.
The stock market’s view of Samsung Electronics is also positive. Since last month, securities companies have been raising the target price of Samsung Electronics. With Cape Investment & Securities as the lead, Daishin Securities, Korea Investment & Securities, Hyundai Motor Securities, Eugene Investments & Securities, Shinhan Investment & Securities, and other securities firms have a rosy outlook.
Cape Investment & Securities presented a target price of Samsung Electronics with the highest price of 95,000 won. Park Sung-soon, a researcher at Cape Investment & Securities, said, “In the case of memory, VOX (Vivo, Oppo, Xiaomi) stock build-up demand is strong even in the absence of Huawei.” “Some cloud server customers are showing a movement to resume orders. (NAND) All bit growth will exceed the guidance.”
“Foundry is in short supply due to the proliferation of 5G mobile communication (5G) smartphones.” “Samsung Electronics is expected to sustain structural growth due to increased demand for fleet processes. This year, the proportion of external customers is expected to increase. It will be improved.”
As such, the stock market diagnosed that Samsung Electronics’ foundry business value is increasing. It is analyzed that the value of TSMC and Samsung Electronics foundry, which secure advanced process technology, is increasing as the CPU market for PC and server, which was led by Intel, diversified to microprocessors based on ARM architecture.
Yoo Jong-woo, a researcher at Korea Investment & Securities, also said, “Samsung Electronics is still having difficulties in securing 5 nanometer (nm) technology yield, but the share price is rising due to expectations of the growth of the foundry market.” It will lead to further increase in improvement, competitiveness and business value.”
In addition, “the potential foundry business value included in the PBR of 2.1x is about 100 trillion won,” he said. “Samsung Electronics has implemented a predictable shareholder return policy for the past three years, and the shareholder return plan to be announced in January is the keynote. It will contribute to the valuation increase by maintaining it.”
Reporter Eunhyuk Ryu [email protected]