Samsung Shares Soar Past 100,000 Won Amid Renewed Investor Confidence
Samsung Electronics' shares topped 100,000 won for the first time, fueled by optimism in the chip sector, enhanced high-bandwidth memory competitiveness, and a substantial stock buyback program. The company's financial turnaround comes after challenges in its semiconductor division significantly impacted its profits last year.
- Country:
- South Korea
In a significant milestone, South Korean tech giant Samsung Electronics Co. saw its shares transcend the 100,000 won mark for the first time, prompting a wave of investor optimism. A report by Pulse highlights the resurgence spurred by Samsung's competitive edge in high-bandwidth memory (HBM) and a notable stock buyback initiative.
The stock, which had plummeted to a low of 49,900 won during November trading last year, showed resilience as investor sentiment improved. The slump, largely attributed to the underperformance of its semiconductor division—typically a significant contributor to company profits—saw Samsung's standings compared unfavorably to rival SK hynix Inc. in early 2025 after a 33-year lead.
Investor confidence surged following Samsung's announcement of a 10 trillion won share buyback in late 2024, boosting overall market trust. This move, coupled with strategic purchases by senior executives, has bolstered Samsung's commitment to responsible management, ensuring a steady ascendancy back to the 100,000 won tier. The stock's upward momentum also aligns with its breakthrough past 90,000 won earlier this month, underscoring sustained market confidence.
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