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[Alpha Biz=(Chicago) Reporter Kim Jisun] The stock price of Samsung C&T is strong. This is due to the growing awareness of undervaluation as solid earnings growth in major business sectors such as construction, bio and fashion has been highlighted.
The prospect of incineration of treasury stocks and dividend expansion next year in line with the plan to retire all treasury stocks also led investor sentiment.
According to the Korea Exchange on the 28th, Samsung C&T's stock price has jumped 12.93% in the past month. It rose from 103,600 won to 117,000 won on the 27th of last month. On the 21st, it rose to 118,700 won during the day, reaching a three-month high.
It is foreign investors who have boosted stock prices. Foreigners bought 97.6 billion won worth of Samsung C&T shares in a month. It has continued to buy net for nine consecutive trading days since the 15th. The agency also helped with a buying advantage of 57.1 billion won over the same period.
Analysts say that low-priced purchases have flowed in due to strong performance growth. In particular, high-tech-oriented performance contributions, which are highly profitable in the construction sector, continue to expand. It is also diagnosed that the fashion, leisure, food and beverage sectors are continuing to grow after the Corona pandemic.
According to financial information provider FnGuide, Samsung C&T's estimated operating profit for this year is 2.93 trillion won. It is steadily rising compared to six months ago (2.6437 trillion won), three months ago (2.8535 trillion won), and a month ago (2.9047 trillion won).
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
