Samsung Electronics' stock price has fallen below 70,000 won. It is the first time in 10 months since December last year that Samsung Electronics' stock price fell below 70,000 won per share. Concerns over a slowdown in memory semiconductors are putting pressure on Samsung Electronics' stock prices.
(Photo = News 1)
On the 12th, Samsung Electronics closed the transaction at 69,000 won per share, down 3.50%. Since December 3, last year (69,700 won), it has fallen to the 60,000 won level again for the first time in 10 months, leading the index to fall. The fall in Samsung Electronics' stock price is analyzed to be due to concerns about a slowdown in the semiconductor industry. KB Securities researcher Kim Dong-won said, "The power shortage in China has hindered the production of post-process parts such as electronic circuit boards (PCBs). There is also increasing uncertainty about the demand forecast. " In a situation where relatively accurate demand forecasting is not possible, it is not possible to accumulate a large inventory of semiconductors. "There is growing concern that memory semiconductor pricing may shift from suppliers to consumers," Kim said. Due to the fall in semiconductor prices, the results for the fourth quarter are expected to be lower than the previous year's results, and on the same day, the securities companies lowered their target stock prices all at once. Samsung Electronics announced its first business performance of over 70 trillion won in the July-September quarter of the previous business day, but Future Asset Securities will change from 100,000 won to 82,000 won, and Ibest Securities will change from 95,000 won to 80,000 won. Seven securities companies that announced their business results have lowered their target stock prices, including lowering them to 7,000 won. The won-dollar exchange rate is also one of the factors that put pressure on Samsung Electronics' stock price on this day. The won-dollar exchange rate on that day spurred the sale of foreign investors as the dollar weakened to 1200 won at one point during trading. On the same day, foreigners sold 824.4 billion won in the securities market. Of this amount, the net sales of the electric and electronic industries were 824.1 billion won. Jung Sung-han, director of Shinhan Asset Management, said, "The depreciation of the won and the dollar is rapidly advancing, and we are selling stocks in emerging countries." Has weakened the power of individual investors, and stock prices have fallen even more significantly. " News that Hong Ra-hee, the former director of the Rium Museum, will sell the shares of Samsung Electronics, which is worth 1.4 trillion won, to create an inheritance tax has also fueled the decline in stock prices. Researcher Kim said, "The semiconductor business is expected to pick up again from the July-September quarter of next year." "The stock price of memory semiconductors is about six months ahead of the business, so the stock price may rebound from around January next year." Said.
Sim Sunmi