Samsung shares “bottom out”, increase the most since January 2021

However, this week, Samsung shares found “local support” when recording the strongest growth in a trading session since January 2021, with the stock price increasing by 8.6% - a rare thing in recent times.

Bloomberg said there was no clear reason for the sudden increase, but investors seemed to feel that Samsung's stock price had fallen enough to make it attractive to buy. However, with Samsung's stock continuously falling in recent times, no one can predict whether the growth trend will continue.

Positive signs for Samsung stocks

One important factor is that Samsung's 50,000 won per share level is considered a psychological threshold for Korean investors. The company's shares crossed this level a day earlier and rose to 53,800 won per share. However, even at this level, Samsung's shares are still undervalued as investors remain cautious in making forecasts for next year.

The memory market is currently struggling, with Samsung lagging behind SK hynix in HBM memory supply. In addition, uncertainty in foreign trade, especially after Donald Trump was elected US President, is also a concern. The business of Korean memory manufacturers is heavily dependent on China, a country whose relations with the US have deteriorated in recent years.

Investor optimism was further boosted when the South Korean company announced plans to spend about $7.2 billion on buying back its own shares next year. In such cases, the issuer's shares tend to rise in price.

Source: https://vov.vn/cong-nghe/tin-cong-nghe/co-phieu-samsung-thoat-day-tang-manh-nhat-ke-tu-thang-12021-post1136138.vov