Samsung Electronics has reported results exceeding market expectations in the first quarter (Jan. to Mar.) of this year, leading to an upward trend in its stock price.
On the 8th, Samsung Electronics traded at 55,000 won in the pre-market (Pre-Market·8 a.m. to 8:50 a.m.). The stock price rose by 3.38% (1,800 won) compared to the previous day's closing price. Overnight in the U.S. New York stock market, the semiconductor sector's stock prices rebounded, and it appears that the announcement of Samsung Electronics' better-than-expected results stimulated investor sentiment.
Samsung Electronics announced that it recorded consolidated sales of 79 trillion won and operating profit of 6.6 trillion won for the first quarter of this year. These figures exceeded market expectations of 77.1 trillion won in sales and 4.961 trillion won in operating profit, and were also higher than the highest operating profit forecast among securities firms of 6.3 trillion won.
Samsung Electronics' stock price regained the 60,000 won mark last month on expectations of a rebound in general memory semiconductor prices. However, concerns about an economic downturn due to tariffs imposed by the Donald Trump administration have led the stock price to fall back to the 50,000 won level. The Trump administration has also suggested semiconductor tariffs.
The key question is whether the good performance will carry through to the regular trading session. It is concerning that foreign investors have resumed a "sell" trend. Foreigners showed a monthly buying advantage for the first time in eight months last month, but have sold off 1.5 trillion won worth of Samsung Electronics stock this month.