[Feature Stock] Samsung Electronics, weak in early trading despite strong performance… Hanik is up 0.7%

(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = Samsung Electronics [005930] is showing weakness in the early part of the market on the 8th even though its quarterly operating profit exceeded 100 trillion won for the first time in the history of a domestic company.

On this day, in the stock market, Samsung Electronics is trading at 267,250 won, down 0.47% from the previous price as of 9:24 am.

Samsung Electronics, which started at 269,500 won, up 0.37%, appears to be searching for direction through repeated fluctuations.

At the same time, SK Hynix [000660] is being sold at 1,735,000 won, up 0.70% from the previous price.

SK Hynix rose to 1,746,000 won (+1.33%) immediately after opening, but gave back some of the increase.

Samsung Electronics announced that its consolidated operating profit in the third quarter of this year was provisionally calculated to be KRW 107.4 trillion, an increase of 782.5% from the same period last year.

This is 1.6% higher than the market forecast of 105.7533 trillion won compiled by Yonhap Infomax.

This is the first time that a Korean company has exceeded 100 trillion won in quarterly operating profit, and the operating profit ratio was 55.1%, an all-time high.

Last night, the New York stock market's three major stock indexes fell simultaneously as U.S. Treasury yields soared again, and the Philadelphia Semiconductor Index fell 1.15%.

The interest rate on 10-year government bonds exceeded 5.36% during the day, reaching the highest level since 2002, and the interest rate on 30-year bonds also rose to the 5.73% range, also the highest level in 24 years, pouring cold water on risky asset investment sentiment.

In summary, expectations for a booming semiconductor industry have increased due to Samsung Electronics' strong performance, but the burden of sell-on (price decline amid favorable news) and interest rates due to the perception of material extinction appears to be suppressing the stock prices of large semiconductor stocks.

Meanwhile, as of this time, foreigners and institutions are net selling 351.9 billion won and 58.2 billion won in the stock market. Individuals are net buying 365.2 billion won.

In the KOSPI electrical and electronics industry, which includes Samsung Electronics and SK Hynix, foreigners have a selling advantage of 229.9 billion won, while individuals and institutions have a buying advantage of 176.2 billion won and 10.4 billion won. Other corporations are making net purchases of 45.2 billion won in KOSPI Electric & Electronics.