Samsung Electronics' stock price is showing a staggering move. Contrary to the expectation of breaking through the '100,000 electronics' that spread in the stock market at the beginning of the year, Samsung Electronics, which has been 'Jung Jung-dong' for more than 6 months, is still trapped in a box with prices ranging from 70,000 won to 80,000 won this month. Even the expected good results in the second quarter did not have a significant impact on the share price, and the sighs of ants who bought Samsung Electronics in large numbers are growing.
In the stock market on the 26th, Samsung Electronics closed at 78,800 won, down 0.63 percent from the previous day. It closed down 0.50% on the 23rd, followed by a downward trend for two days in a row.
Samsung Electronics' sales in the second quarter were 63 trillion won, up 18.94 percent from the same period last year, and its operating profit increased by 53.4 percent to 12.5 trillion won. Semiconductors led the performance, and as of the second quarter, sales and operating profit recorded the highest since 17.57 trillion won in the third quarter of 2018, respectively.
However, on the 7th, the day of the earnings release, the share price of Samsung Electronics showed a bearish trend throughout the day. Institutions and foreigners who poured profit-taking properties net sold 204.1 billion won and 36.7 billion won, respectively, lowering the stock price. On the other hand, individuals who received the sale made a net purchase of 235 billion won.
Lee Seung-woo, a researcher at Eugene Investment & Securities, said, "The market is not very surprised by Samsung Electronics' earnings surprise. As the earnings exceeded market estimates for 9 consecutive quarters, the earnings surprise became a natural event." So, the talk that the stock price should rise also sounds like an empty echo."
Earlier this year, the ants focused on buying Samsung Electronics due to the rosy outlook of the stock market. The stock that individual investors bought the most from this year until the 9th of this year was Samsung Electronics, with a net purchase of 25.44 trillion won.
The prevailing analysis is that in order for Samsung Electronics' stock price to gain momentum, foreigners as well as ants must return. Samsung Electronics, the stock that foreigners sold the most in the domestic stock market last week, net sold 684.5 billion won.
Jeong Myung-ji, a researcher at Samsung Securities, said, "Samsung Electronics has a high market capitalization ratio in the stock market, so it is not easy to move the stock price no matter how many ants buy it. decide whether or not
It is pointed out that 'big news' surrounding Samsung Electronics is also necessary. In the context of a growing number of remarks related to the parole or special amnesty of Vice Chairman Lee Jae-yong in the political circles, a large-scale investment decision following Vice Chairman Lee's return to business could be a positive for the share price.
If this scenario becomes a reality, it is highly likely that the stock price will gain momentum to break through 80,000 electrons, as it is highly likely that the new foundry (semiconductor consignment production) plant expansion and large-scale mergers and acquisitions (M&A) will gain momentum.
Although Samsung Electronics maintains its global No. 1 position in memory semiconductors, such as DRAM, which is its main business, it is seldom achieving results in non-beverage fields such as system semiconductors and foundries.
On the 23rd, the market was greatly shaken by rumors of Samsung Electronics' spin-off of its foundry division. The content of 'Jirashi' that has spread around the stock market is that Samsung Display's LCD (liquid crystal display) division and Samsung Electronics' foundry division will merge to form an independent company, and Samsung Display's OLED (organic light emitting diode) business will be absorbed by Samsung Electronics.
Although the rumors of Samsung Electronics' foundry spin-off end with the two companies answering "groundless", there are rumors in the industry that they showed the current status of Samsung Electronics' semiconductor business.
Amid the recent shortage of semiconductor supply, the battle for global hegemony over the foundry market is intensifying. Amid the dominance of Taiwanese TSMC, Intel, the world's largest semiconductor company, has emerged as an ambush in the foundry market and is approaching as a threat to the second-largest Samsung Electronics.
Analysts of securities analysts say that the driver of Samsung Electronics' stock price is neither past performance nor the performance of the next quarter. Researcher Lee said, "The prospect of memory in at least 6 to 12 months is more important. Or, meaningful achievements or strategies should come out in areas that Samsung has not been able to say well, such as foundries or M&As."