Samsung Electronics has opened an era of 500 trillion won in market capitalization. After surpassing the market cap of 400 trillion won in November of last year, it has increased its size by 100 trillion won in just over a month.
According to the Korea Exchange on the 5th, Samsung Electronics closed at 83,900 won, up 900 won (1.08%) compared to the previous day. Based on the closing price, Samsung Electronics’ market capitalization is KRW 50,864.8 billion.
Samsung Electronics reached a market cap of 400 trillion won for the first time ever, closing at 67,300 won on November 23 last year. The stock price continued a steep rally afterwards, reaching a market cap of 500 trillion won.
The outlook for improving the semiconductor industry is interpreted as boosting the share price. On this day, Hana Financial Investment also suggested a target price of 111,000 won for Samsung Electronics. This is beyond the previous target price of 100,000 won (Kiwoom Securities).
Kim Kyung-min, a researcher at Hana Financial Investment, said, “Samsung Electronics’ share price has risen sharply in recent years.”
He said, “The target stock price of 111,000 won means a target market cap of 660 trillion won for common stock. “I look forward to the reinforcement of this.”
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