Samsung Electronics' stock price rose 4% today (29th) and rebounded for the first time in 6 trading days.
In the stock market today, Samsung Electronics finished trading at 67,400 won, up 4.01% from the previous day.
Samsung Electronics fell for five consecutive days from the 22nd, pushing it from 67,700 won to 64,800 won, but today's rebound has reversed most of its declines.
On this day, foreigners net bought 11.2 billion won of Samsung Electronics stock, and it was the first time in 26 trading days since the 24th of last month that foreigners recorded a buying advantage.
Institutions also net bought 26.3 billion won, boosting the stock price.
Securities companies have lowered their target price one after another for Samsung Electronics, which announced good results, due to uncertainties in demand due to macro-environment unrest.
Yesterday, Samsung Electronics announced that its first quarter sales rose 18.95 percent from the first quarter of last year to 77.7 trillion won, the highest ever recorded for a quarter.
Operating profit was KRW 14.12 trillion, up 50.5% from the same period last year.
Hi Investment & Securities lowered its target price from 89,000 won to 82,000 won, saying that it is difficult for Samsung Electronics to return to an upward trend for the time being due to external variables such as the US and China despite its favorable performance in the first quarter of this year.
Song Myung-seop, a researcher at Hi Investment & Securities, said, "Considering the recent liquidity, it is difficult to expect Samsung Electronics' share price to maintain a high valuation multiple for the time being." We expect the ratio (PBR) to be 1.2 times (60,000 won).”
"The stock price may drop significantly below 60,000 won, but unless crises such as the 9/11 terrorist attacks or Lehman Brothers happen again, it is unlikely, and the historical average multiple until improvement in leading economic indicators is confirmed," he said. It is highly unlikely that it will exceed the 1.6 times level (in the early to mid 80,000 won range).”
However, some brokerages still maintained a target price of 100,000 won.
Kiwoom Securities, Samsung Securities, and IBK Investment & Securities maintained their target price of 100,000 won. However, in the second half of the year, when demand enters the peak season, the rate of increase in supply will slow, and the price of fixed DRAM is expected to rise.”Keywords: