Samsung Electronics exceeds its share repurchase plan... SK Hynix is also expected to terminate early.

(Seoul = Yonhap News) Reporter Lim Eun-jin = It was calculated that Samsung Electronics [005930] purchased all of the announced share repurchase volume.

According to the Korea Exchange's corporate disclosure channel on the 2nd, Samsung Electronics announced that it had purchased 53.8 million shares of its own stock as of the previous day.

Previously, Samsung Electronics announced that it would purchase 53,285,968 shares from August 24 to November 21.

Accordingly, the cumulative share repurchase rate since last August was 100.96%, which exceeded the original plan in terms of volume.

The amount of share repurchases during this period was 14.1565 trillion won.

However, Samsung Electronics had applied to purchase 2 million shares on this day as well.

It has been reported that Samsung Electronics plans to proceed with stock repurchases until the cumulative purchase amount reaches 15 trillion won.

Based on the recent stock price and average purchase price, it appears that there is room to purchase approximately 3 million additional shares.

Since August 20, SK Hynix has purchased 18.35 million shares out of the 24.07 million shares reported for share purchase.

The purchase rate was 76.24% and the cumulative purchase amount was calculated to be 32.514 trillion won.

SK Hynix's daily purchase volume is approximately 600,000 to 650,000 shares, and if it purchases the same amount over the remaining period, it is estimated that it will complete the purchase of the remaining 5.72 million shares within about 8 to 9 trading days.

Considering that the company initially said it would complete the share purchase by November 19, the schedule is expected to be advanced by about a month.

As Samsung Electronics has already completed its planned share repurchase and SK Hynix is ​​also expected to end its share repurchase earlier than planned, some in the market are raising concerns about a supply and demand gap.

So far, the two companies, which account for a large portion of the domestic stock market, have played a significant role in supporting downward pressure on the index from macro variables such as rising interest rates by purchasing their own stocks.

As of 10:11 a.m. on this day, the interest rate on 10-year U.S. Treasury bonds is 5.2630%.

In particular, as foreign investors have recently shown a selling advantage in the KOSPI market, there is no significant supply and demand entity other than other corporations through share purchases, raising such concerns.

However, as the third quarter earnings season begins with Samsung Electronics' provisional earnings announcement on the 8th, profit visibility has recovered, especially in the semiconductor industry, and the possibility of foreigners returning is cautiously raised.

Ji-young Han, a researcher at Kiwoom Securities, predicted, “It appears that the pressure from individuals will be high, but the supply and demand entity that will accept this is likely to be foreigners,” adding, “The macro anxiety will pass its peak this month, and profit visibility after the 3rd quarter earnings season will act as an incentive for net purchases by foreigners.”