Samsung Electronics, SK Hynix, weak in early trading despite Micron's good performance

(Seoul = Yonhap News) Reporter Hwang Cheol-hwan = Samsung Electronics [005930] and SK Hynix [000660] show weakness in the early part of the market on the 1st despite the surprising performance of American memory semiconductor company Micron.

In the stock market on this day, Samsung Electronics is trading at 266,500 won, down 0.74% from the previous price as of 9:07 am.

At the same time, SK Hynix is ​​selling at 1,759,000 won, down 0.96% from the previous price.

Micron's sales for the fourth quarter of the fiscal year (June to August) announced early this morning, Korean time, recorded $54.23 billion (approximately 73.5 trillion won), nearly five times more than the same period last year, breaking an all-time high.

This was a surprisingly good performance, exceeding the forecast of $51.07 billion compiled by market research firm London Stock Exchange Group (LSEG). Quarterly adjusted earnings per share (EPS) was $33.42, exceeding Wall Street expectations of $31.61.

However, the 'Whispering Number', which refers to the level of expectations of market participants, independent of the consensus (average market forecast), was formed at a higher level at EPS of $34.14, so the stock price fluctuated at one point during after-hours trading immediately after the earnings announcement.

Meanwhile, as of this time, foreigners and institutions are net selling 222.1 billion won and 101.3 billion won in the stock market. Individuals are net buying 294.4 billion won.

In the KOSPI electrical and electronics industry, which includes Samsung Electronics and SK Hynix, foreigners and institutions have a selling advantage of KRW 140.7 billion and KRW 67.1 billion, and individuals have a buying advantage of KRW 184.3 billion.

Other corporations, which have recently emerged as major suppliers due to the share purchases of Samsung Electronics and SK Hynix, are making net purchases of 23.6 billion won in KOSPI Electric & Electronics.