Samsung C&T’s shares jumped 33.2 percent from 114,500 won (US$102.40), one of its lowest levels in months, on June 27 to the closing price of 152,500 won on Aug. 19.
Samsung Electro-Mechanic saw its share increase 28.7 percent from 46,700 won, its lowest in 52 weeks, on July 8 to the closing price of 60,100 won on Aug. 19.
The stock price of Samsung SDS increased 25.1 percent from 135,500 won on June 27 to the closing price of 169,500 won on Aug. 19.
Samsung SDI also saw its stock increase 15 percent from the closing price of 103,000 won on June 27 to the closing price of 118,500 won on Friday.
Market analysts anticipated the upward trend of the Samsung Group affiliates would continue thanks to the robust performance of Samsung Electronics, the crown jewel of the conglomerate.
“Samsung Electronics is trying to gain momentum for future growth through mergers and acquisitions,” said Soh Hyeon-chul, an analyst from Shinhan Investment, raising the target stock price of the market kingpin to 2 million won from the previous 1.85 million won.
By Kim Young-won (email@example.com