Samsung Electronics' stock price rebounded, resulting in a positive revenue for a significant number of individual investors. However, many individuals who bought Samsung Electronics during the past '80,000 Electronics' and '90,000 Electronics' periods are also present, raising concerns about whether the upward trend in stock prices will continue.
Samsung Electronics shares are trading at around 66,000 to 67,000 won on the morning of the 18th. This corresponds to the average purchase price (67,054 won) of 266,186 Samsung Electronics investors linked through the Naver Pay 'My Assets' service. Despite the KOSPI index showing a rising rally this year, Samsung Electronics’ stock price has been sluggish, meaning that individual investors in Samsung Electronics have just entered the revenue zone.
Samsung Electronics has shown a lackluster stock price trend compared to the KOSPI index, which belies its status as a 'blue chip.' However, as foreign investors began to buy, Samsung Electronics' stock price has started to rebound. This is the first time since last July, when the stock price reached 88,800 won during intraday trading, that the price has shown a significant upward trend.
Foreign investors net purchased nearly 1.5 trillion won worth of Samsung Electronics shares from July 1 to 17 this month. They continue to show a buying advantage on this day as well. The foreign ownership of Samsung Electronics' shares exceeded 50% for the first time in three months since last April.
This appears to be influenced by the ongoing opinion that Samsung Electronics is relatively undervalued. In particular, as Nvidia in the U.S. is allowed to export artificial intelligence (AI) semiconductor chips 'H20' back to China, expectations are growing that Samsung Electronics' high-bandwidth memory (HBM) business may gain momentum. H20 includes Samsung Electronics' 4th generation HBM (HBM3).
In addition, the fact that Samsung Electronics plans to supply 6th generation HBM (HBM4) samples starting in the second half of this year, that the foundry business is reducing its losses to a small extent, and that Lee Jae-yong, the chairman of Samsung Electronics, has alleviated his legal risks are also seen as positive factors.
The key question is how much further Samsung Electronics' stock price can rise. Some shareholders have posted comments in forums such as the stock discussion room, asking, 'Will the rescue team come to the 8th floor (can the stock price rise to 80,000 won)?' and 'There are people on the 9th floor (90,000 won).'
According to NH Investment & Securities, 20% of Samsung Electronics investors have an average purchase price exceeding 75,193 won. There are also investors whose prices are over 80,000 won. The average target stock price set by 35 institutions that expressed investment opinions on Samsung Electronics is 73,678 won, which is insufficient for the so-called 'rescue team' to arrive.
However, Citi Securities, which evaluated Samsung Electronics the most optimistically, raised its target price to 90,000 won. Citi Securities noted that for the target price to be achieved, Samsung Electronics must establish a strong position in the high-performance graphics DRAM 'GDDR7' market and pass quality certification for HBM products.