Expert “The judgment of restraint has a short-term effect…it is not an issue that will shake the stock price”
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As Samsung Electronics Vice Chairman Lee Jae-yong is arrested in court at the court for the destruction of Gukjeong Nongdan, attention is also drawn to the direction of Samsung Electronics’ stock price.
According to the stock market on the 19th, the observation that the arrest of Vice Chairman Lee and the sentence of imprisonment may affect the stock price in the short term, but it is not an issue that will shake the long-term stock price trend.
Recently, the share price of Samsung Electronics has risen sharply in anticipation of improving the semiconductor industry. In the industry, it is pointed out that even after the sentence of Vice Chairman Lee’s first trial, the impact on the stock price was only a short term. Although the current fluctuation range may be a little larger, the analysis shows that the stock price has followed the value of the business in the past.
The day before, the news that Vice-Chairman Lee was arrested and sentenced to imprisonment was reported, and the share price of Samsung Electronics fell 3.41% to 85,000 won. However, within a day, Samsung Electronics is making up for the fall. As of 11:40 am on the day, Samsung Electronics is trading at 87,100 won, up 2.47% from the previous trading day.
Earlier, during the period of vice chairman Lee’s arrest, Samsung Electronics’ stock price, coupled with the’semiconductor supercycle’, exceeded the KOSPI increase rate. The stock price of Samsung Electronics, which ended at 1893,000 won (before the face-off split) on February 17, 2017, when Vice Chairman Lee was first arrested, reached 2396,000 won on February 5, 2018, when he was released on a probation sentence. During this period, the stock price rose 26.5%, exceeding the KOSPI increase rate (19.8%).
The industry is known to have evaluated that it is necessary to accept the face value as it is, if the case of the first trial ruling in 2017 showed that the semiconductor economy was on the rise and the corresponding results were accompanied.
The previous day, the first criminal division of the Seoul High Court (Judge Jung Joon-young, Song Young-seung, Deputy Judge Kang Sang-wook) sentenced Vice-Chairman Lee, who was charged with bribery and other charges, to two years and six months in prison, and arrested the court.
/ Reporter Ji Woong-bae [email protected]
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