Samsung Electronics’ surprise performance notice… Finally, the weekly prospect of 100,000 electrons Ghana

The KOSPI index recovered to the 3100 line. This is due to increased expectations as domestic companies are expected to benefit from the announcement of infrastructure investment in the US.

According to the Korea Exchange on the 4th, the KOSPI index (March 29-April 2) last week ended at 3112.80, up 71.79 points (2.36%) from the previous week. During the same period, the KOSDAQ index rose 1.39%.

Last week, the stock market continued its uptrend on strong exports and announcements of large-scale infrastructure investments in the US. The Ministry of Trade, Industry and Energy announced on the 1st that in March this year, exports amounted to 53.8 billion dollars (about 5.6 trillion won), an increase of 16.6% compared to the same period last year. It has been on the rise for 5 consecutive months since last November.

This is the effect of President Joe Biden’s recent announcement of an infrastructure investment plan worth 2.5 trillion dollars (about 2545 trillion won). President Biden announced that he will invest not only in traditional infrastructure such as roads, bridges, and ports, but also in future food such as building a high-speed data communication network and climate change.

Last week, the New York Stock Exchange also rose on expectations for large-scale infrastructure investments. On the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 33,153.21, up 0.24% from the previous week. During the same period, the NASDAQ index also surged 2.59%, and the Standard & Poor’s (S&P) 500 index rose 1.14%, breaking above the 4000 line for the first time in history.

It is observed that the burden of rising interest rates will also decrease due to policy expectations. On the 30th of last month (local time), the 10-year Treasury bond rate rose to 1.77% during the intraday, recording a 14-month high. Ahn So-eun, a researcher at IBK Investment & Securities, said, “If the corporate profit outlook is raised due to policy expectations, the burden of rising interest rates may be partially offset.”

The US and semiconductors also form a 50 billion dollar budget… Possibility of increasing IT large scale

The promotion of infrastructure investment in the United States can also be a boon for domestic IT companies. Expectations for increasing demand for semiconductors and IT are growing, with a budget plan to improve the competitiveness of semiconductors in the US is also being organized at $50 billion.

Therefore, it is worth paying attention to whether foreigners’ perspectives will change in a favorable way in the domestic stock market as well. This year, foreigners net sold 1.6 trillion won worth of electricity and electronics, and expressed doubts about the domestic IT outlook.

The market is Samsung Electronics this week(84,800 +2.29%)It is paying attention to the start of the 1Q earnings season. Samsung Electronics’ provisional performance will be announced on the 7th, and by-elections such as Seoul will be held. The minutes of the Federal Open Market Committee (FOMC) of the US Central Bank (Fed) will also be released.

According to the securities industry, the average forecast of operating profit for the first quarter of Samsung Electronics is expected to increase by 35.7% compared to the same period of the previous year to 8,7458 billion won. During the same period, sales are expected to increase by 9.6% to 60,631.9 billion won.

Noh-gil, a researcher at NH Investment & Securities, said, “The possibility of rising IT large stocks and expectations for the 1Q earnings season is an environment that makes it possible to bet on the index itself.” It is necessary to increase the weight of large-cap stocks with the highest market capitalization,” he advised.

The average target price of Samsung Electronics exceeded 100,000 won. Currently, the average Samsung Electronics target price suggested by 23 securities companies is 105,870 won, and the highest is 120,000 won suggested by Korea Investment & Securities and Shinhan Investment Corp.

As the semiconductor industry continues to strengthen, memory prices expected to rise from 2Q and the normal operation of the Austin plant are expected to have a positive impact on the share price.

Economically sensitive stocks should also pay attention to strong exports… ‘Expected’ for rechargeable batteries and electric vehicles

The stock market advised to pay attention to economically sensitive stocks as well. The U.S. ISM manufacturing index and Korea’s export growth rate are fueling the outlook that the economy will improve. In March, the ISM manufacturing index reached 64.7, the highest level in the last 20 years, and Korea’s exports in March were a new high.

Dae-Joon Kim, a researcher at Korea Investment & Securities, said, “Economic-sensitive stocks such as steel, chemical, machinery, and automobiles will perform better than the market.” Looking at it, there is a high possibility that economically sensitive stocks will do better.”

It is said that attention should also be paid to the stocks whose earnings estimates will increase significantly this year. Dae-hoon Han, a researcher at SK Securities, said, “As expectations for normalization of economic activities are rapidly being reflected, it is necessary to look at industries with high expectations for earnings improvement not only in the first quarter but also in the year.” It corresponds to” he judged.

In particular, it was recommended to pay attention to the electric vehicle industry. This is because it is expected to benefit from the US infrastructure policy.

Lee Jae-sun, a researcher at Hana Financial Investment, said, “Biden has reflected about 20% ($174 billion) of the detailed road infrastructure plan as the budget for electric vehicle payments.” If it does not occur, it is a phase in which the supply and demand burden of related companies can be eased.”

Eunbit Go, reporter Hankyung.com [email protected]