Yoon replaces 6 ministers ahead of his 3rd year, general election
US deploys fighter jets in S. Korea for air exercise in Singapore
S. Korea's economy grows 0.6% in Q3, unchanged from earlier estimate
South Korea unveils plan to tackle ailing mental health
S. Korea successfully tests solid-fuel space rocket
[SAMSUNG RALLY] Samsung’s stock price target raised to W2mBy 이지윤
Published : Aug. 18, 2016 - 17:26
On the day, the price soared to a record 1.64 million won, up 4.73 percent from the day before. The previous record was 1.57 million won, set Jan. 2, 2013.
Analysts said the company’s upbeat outlook on smartphone and chip sales will continue to elevate the shares.
Expectations are growing for the latest smartphone Galaxy Note 7, which is to be launched Aug. 19. Preorders have exceeded 400,000 units in Korea alone.
“It was the mobile business division that helped the price hit a record back in 2013. Expectations are also high this year,” said Soh Hyun-cheol, a researcher at Shinhan Investment.
He predicted the price could surge to some 2 million won, pinning high hopes on the company’s still nascent but lucrative automotive business as well.
Uh Kyu-jin, an analyst at eBest Securities, also raised the target price to 2 million won, citing parts sales such as memory chips and organic light-emitting diode panels for the rest of the year.
By Lee Ji-yoon (email@example.com)
Korea unveils plan to tackle ailing mental health
[KH Explains] China ups OLED ante to take over Korean shares
6 outgoing ministers ‘strong candidates’ for general elections: ruling party