In the new year, individual investors bought 3,800 billion won in Samsung Electronics, the KOSPI president, whose stock price is soaring.
At the end of last year, the stock market, which offered Samsung Electronics’ target price of 90,000 won, is in an atmosphere of raising the target price to 110,000 won.
According to the Korea Exchange on the 11th, individuals net bought 3,82.9 billion won worth of Samsung Electronics in the stock market for 6 trading days from the 4th to 11th, the first trading day of this year.
During this period, KOSPI was the number one net purchase amount.
The ants received net sales worth 1.5 trillion won and 2.4 trillion won respectively by foreigners and institutions.
The combined net purchase amount of Samsung Electronics and Samsung Electronics’ preferred stocks (655.4 billion won) for 6 trading days amounts to 4.488.3 billion won.
That’s about 71% of the 6.23 trillion won net purchases made by individuals from KOSPI over the same period.
Even at the end of last year (December 21 to 30), individuals net bought more than 1 trillion won of common stocks of Samsung Electronics (388.6 billion won) and preferred stocks of Samsung Electronics (620 billion won).
During this period, individuals net sold 144.9 billion won in KOSPI.
The share price of Samsung Electronics started to rise in earnest from November of last year thanks to the prospect of improving the semiconductor industry.
In the beginning, foreigners swept away Samsung Electronics and led the stock price to rise, but individuals and foreigners repeatedly pushed and pulled.
After that, after the stock price exceeded KRW 70,000 in early December, individual purchases struck, leading to a strong share price.
Samsung Electronics entered the 80,000 won range on the 30th of the same month after exceeding 70,000 won for the first time on December 4, last year in less than a month.
Then, on the 11th, only 6 trading days, it closed at 91,000 won, opening the era of ‘90,000 electrons’.
[표] Samsung Electronics Net Purchase Amount by Investor (Unit: KRW 1 million)
┌─────┬────┬──────┬──────┬──────┐
│ Date │ Closing price │ Individual │ Foreigner │ Organization │
├——┼—-┼——┼——–┼
│2021/01/11│ 91,000 │ 1,739,385│ -504,032│ -1,255,375│
├——┼—-┼——┼——–┼
│2021/01/08│ 88,800 │ -169,881│ 602,764│ -436,089│
├——┼—-┼——┼——–┼
│2021/01/07│ 82,900 │ -71,008│ -197,881│ 250,130│
├——┼—-┼——┼——–┼
│2021/01/06│ 82,200 │ 1,013,153│ -586,458│ -442,464│
├——┼—-┼——┼——–┼
│2021/01/05│ 83,900 │ 622,727│ -426,621│ -203,964│
├——┼—-┼——┼——–┼
│2021/01/04│ 83,000 │ 658,902│ -381,371│ -326,137│
├——┼—-┼——┼——┼——┤
│ Total │ │ 3,793,278│ -1,493,599│ -2,413,899│
└─────┴────┴──────┴──────┴──────┘
(Source = Korea Exchange)
Supply and demand is regarded as an important driving force behind such a steep share price rise.
Myung-seop Song, a researcher at Hi Investment & Securities, explained that “Samsung Electronics is the most advantageous in terms of supply and demand in a market driven by supply and demand as a whole.” .
In addition, he added, “The growth rate of global liquidity is rising to an all-time high compared to the same period last year.”
With the favorable supply and demand situation, the stock price continues to rise as the earnings outlook is supported.
According to F&Guide, a financial information company, the average (consensus) of Samsung Electronics’ annual operating profit for this year is expected to increase by 29.99% from last year to 46.72 trillion won.
After Samsung Electronics announced its provisional results for the fourth quarter of last year on the 8th, securities companies have stepped up raising their target price to more than KRW 110,000.
Securities companies that have offered a target price of more than KRW 110,000 so far, Korea Investment & Securities (120,000 KRW), Mirae Asset Daewoo (113,000 KRW), Hana Financial Investment (111,000 KRW), NH Investment & Securities (110,000 KRW), DB Finance Investment (110,000 won) and Cape Investment & Securities (110,000 won).
In a report published that day, Yoo Jong-woo, a researcher at Korea Investment & Securities, raised the target price of Samsung Electronics from 92,000 won to 120,000 won.
He explained, “Although there is controversy over valuation (valuation value), we have considered improving the memory semiconductor industry, structural growth of the foundry industry, continuous shareholder return policy, and a lower valuation compared to global companies.”
Do Hyun-woo, a researcher at NH Investment & Securities, also raised the target price of Samsung Electronics from KRW 90,000 to KRW 110,000 in the report.
He said, “This year’s growth momentum is semiconductors.”
/yunhap news