Samsung Electronics Reclaims 280,000 Won as Foreign Buying Extends Seven-Day Rally

  • Samsung Electronics shares reclaimed 280,000 won as foreign buying extended a seven-session rally.
  • Foreign investors bought 1.2827 trillion won of Samsung Electronics shares on September 23.
  • Samsung Electronics plans about 30 trillion won in third-quarter cash dividends.

Samsung Electronics closed at 286,500 won on September 23, extending its winning streak to seven sessions and gaining 15.3% from September 14. Foreign investors bought a net 1.2827 trillion won of the shares that day after returning to net buying over the previous three sessions. Brokerages have raised target prices to between 400,000 won and 650,000 won, while Samsung Electronics expects 90 trillion won to 110 trillion won in remaining shareholder returns this year, including about 30 trillion won in third-quarter cash dividends. Investors are also watching for potential treasury-share buybacks and retirements as the memory-chip cycle strengthens and concerns about an artificial-intelligence peak ease.

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Samsung Electronics Reclaims 280,000 Won as Foreign Buying Extends Seven-Day Rally - CoinPost Terminal