Ants to have bought 1.46 million stocks of Samsung Electronics… ‘Stock shopping’ to be continued
Kim Min Soo | minsu@ | 2018-04-30 10:42:45
Samsung Electronics suspended trading for 4 days from today
Individual investors, who expected to see a split in Samsung Electronics` face value, bought Samsung Electronics shares by the end of the trading day. Since the conversion into the `national stock` of KRW 50,000, Samsung Electronics stocks of general private investors are expected to continue for the time being.
According to the Korea Exchange on April 29, Samsung Electronics closed its deal at KRW 2.65 million, up 1.65 % from the previous trading day.
Samsung Electronics is on the verge of splitting the face of the market for the last time and will be suspended from April 30 to the following month.
Samsung Electronics` share price will drop to KRW 50,000 from the current KRW 4.6 million on April 4, when 50-to-1 par value split is applied. As the accessibility increases, many individual investors who have hesitated to invest in stocks due to the price burden will invest in Samsung Electronics stocks.
Individual investors, who expected a share price increase following the split, would buy shares until April 27, the last business day before the suspension. Individuals purchased 119,000 shares (about KRW 291.9 billion) on the day, while institutions and foreigners sold 74,453 shares and 44,487 shares, respectively.
From January 31 to April 27, when Samsung Electronics announced the split, individual investors bought a total of 1.46 million 1604 shares (about KRW 3.63 trillion). The company bought about 275,579 shares (about KRW 702.8 billion) on January 31, which is the date of declaration of dividend, and bought 233,890 shares (about KRW 562.9 billion) on February 2, went. Individuals pulled Samsung Electronics to the top of net buying this month. On the 25th, a private investor, known as `big-handed`, bought 80,000 to 100,000 shares of Samsung Electronics. It is about 200 billion to 250 billion won based on the closing price of the day. Samsung Electronics` high earnings, expectations for shareholder return policy, and the addition of the par value split event, it is estimated that individual investors who have decided to buy the stock are shopping for stocks.
Although stock market experts do not change corporate value due to split-off, we believe the share price has ample room for growth as SEC`s earnings improve and expectations for individual entry barriers are low. Lee Kyu-jin, vice president of Best Investment Securities, said, "Although the par value division has no impact on the fundamentals of companies, Samsung Electronics` stock price (PER) is undervalued to 6.4x as of this year. If we add to the hottest shareholder return policy and the volume increase due to liquidation, there is no reason to underestimate Samsung Electronics any more. "
Kim Sun-woo, a researcher at Meritz Securities, said, "We expect SEC`s trading volume and share price volatility to increase after the liquidation of the face value." Considering Samsung Electronics` share price and earnings forecast consensus direction and the rise in stock prices in the uptrend can be even better. "
By Kim Min Soo minsu@
[ copyright ⓒ The Digitaltimes ]
Individual investors, who expected to see a split in Samsung Electronics` face value, bought Samsung Electronics shares by the end of the trading day. Since the conversion into the `national stock` of KRW 50,000, Samsung Electronics stocks of general private investors are expected to continue for the time being.
According to the Korea Exchange on April 29, Samsung Electronics closed its deal at KRW 2.65 million, up 1.65 % from the previous trading day.
Samsung Electronics is on the verge of splitting the face of the market for the last time and will be suspended from April 30 to the following month.
Samsung Electronics` share price will drop to KRW 50,000 from the current KRW 4.6 million on April 4, when 50-to-1 par value split is applied. As the accessibility increases, many individual investors who have hesitated to invest in stocks due to the price burden will invest in Samsung Electronics stocks.
Individual investors, who expected a share price increase following the split, would buy shares until April 27, the last business day before the suspension. Individuals purchased 119,000 shares (about KRW 291.9 billion) on the day, while institutions and foreigners sold 74,453 shares and 44,487 shares, respectively.
From January 31 to April 27, when Samsung Electronics announced the split, individual investors bought a total of 1.46 million 1604 shares (about KRW 3.63 trillion). The company bought about 275,579 shares (about KRW 702.8 billion) on January 31, which is the date of declaration of dividend, and bought 233,890 shares (about KRW 562.9 billion) on February 2, went. Individuals pulled Samsung Electronics to the top of net buying this month. On the 25th, a private investor, known as `big-handed`, bought 80,000 to 100,000 shares of Samsung Electronics. It is about 200 billion to 250 billion won based on the closing price of the day. Samsung Electronics` high earnings, expectations for shareholder return policy, and the addition of the par value split event, it is estimated that individual investors who have decided to buy the stock are shopping for stocks.
Although stock market experts do not change corporate value due to split-off, we believe the share price has ample room for growth as SEC`s earnings improve and expectations for individual entry barriers are low. Lee Kyu-jin, vice president of Best Investment Securities, said, "Although the par value division has no impact on the fundamentals of companies, Samsung Electronics` stock price (PER) is undervalued to 6.4x as of this year. If we add to the hottest shareholder return policy and the volume increase due to liquidation, there is no reason to underestimate Samsung Electronics any more. "
Kim Sun-woo, a researcher at Meritz Securities, said, "We expect SEC`s trading volume and share price volatility to increase after the liquidation of the face value." Considering Samsung Electronics` share price and earnings forecast consensus direction and the rise in stock prices in the uptrend can be even better. "
By Kim Min Soo minsu@