Samsung Electronics expects stock price to turn higher on outlook for foreign net buying and favorable performance ↑

As foreigners turned to buying after three weeks in the domestic stock market, Samsung Electronics was the largest net purchase last week, attracting investors’ attention to Samsung Electronics’ 1Q earnings announcement.

According to the Korea Exchange on the 4th, foreigners net bought 1,239.9 billion won in the securities market from the 29th of last month to the 2nd of this month. After a net purchase of 1.93 trillion won from the 8th to the 12th, it showed a net selling movement for two weeks in a row, but returned to net buying after three weeks.

The stock that foreigners net bought the most last week was Samsung Electronics. Foreigners net bought Samsung Electronics 8779 billion won during this period. After Samsung Electronics, SK Hynix ranked second in net purchases by foreigners, with a net purchase of 3769 billion won.

As foreigners turned back to net buying in the stock market and the most bought stock appeared as Samsung Electronics, it is attracting attention whether the stock price of Samsung Electronics, which had moved sideways from the 80,000 won range, can turn back to the uptrend.

The share price of Samsung Electronics is currently fluctuating from the 80,000 won level based on the closing price for nearly three months. During the KOSPI rally that lasted from the end of last year to the beginning of this year, the stock price soared to 9,6800 won at one time on January 11 this year, but after falling to 80,000 won, it is seldom turning to an uptrend.

Stock prices are citing 1Q results as one of the factors that will determine the future direction of Samsung Electronics’ share price. According to F&Guide, a financial information company, the operating profit consensus for Samsung Electronics in the first quarter of this year was 8,834.4 billion won, which is expected to increase by 37.02% from the first quarter of last year (6,447.3 billion won).

There is also a forecast that Samsung Electronics will generate operating profits of over 9 trillion won in the first quarter of this year. Mirae Asset Daewoo, Samsung Securities, Shinhan Investment & Securities, Hi Investment & Securities, and Cape Investment & Securities predicted that Samsung Electronics will record more than 9 trillion won in operating profit in the first quarter of this year.

“Memory is expected to exceed the existing bit growth guidance for both DRAM and NAND,” said Park Sung-soon, a researcher at Cape Investment & Securities. said.

Hi Investment & Securities, which presented Samsung Electronics’ 1Q operating profit estimate of 9.5 trillion won, is expected to lead the earnings growth in the IM (IT and mobile) division.

Song Myung-seop, a researcher at Hi Investment & Securities, said, “The semiconductor division will be sluggish due to the impact of the Austin Line power outage in the US and the slightly lower average selling price (ASP) rate compared to competing industries.” It is expected to increase significantly compared to the previous quarter,” he said.