Top investors at Mirae Asset Securities net-bought Korean stocks on the morning of the 6th until 11 AM. The purchases focused on Samsung Electronics, SK Hynix, and Samsung Electronics preferred shares. Buying by the top 1% performers over the recent 1 month was driven by strong Samsung earnings forecasts, SK Hynix's Nasdaq ADR listing on the 10th, and preferred share valuation gaps. Mirae Asset compiles trades by its top 1% clients and publishes the data on its mobile system.
Samsung Electronics Trades at 314,500 Won, Meritz Forecasts Q2 Profit at 90.1 Trillion Won
Samsung Electronics was the most net-purchased stock among top investors at Mirae Asset Securities on the morning of the 6th. Samsung Electronics traded at 314,500 won as of 11 AM, up 1.62% from the previous session. Meritz Securities forecasted Samsung Electronics' Q2 operating profit at 90.1 trillion won, exceeding market expectations of 75 trillion to 84 trillion won. The DS division's operating profit before provisions was estimated at 109.5 trillion won for Q2. Kim Sun-woo, a researcher at Meritz Securities, stated that Samsung Electronics' Q2 operating profit is expected to significantly surpass market expectations following the previous quarter, attributing this to memory prices and shipments outpacing industry averages. Meritz recommended aggressive position increases in Samsung Electronics, judging that the memory cycle has not yet reached its midpoint and Samsung is showing the strongest earnings improvement pace.
SK Hynix Trades at 2,396,000 Won, ADR Listing Scheduled for the 10th
SK Hynix ranked second in net purchases by top investors at Mirae Asset Securities. SK Hynix traded at 2,396,000 won as of 11 AM on the 6th, down 1.20% from the previous session. SK Hynix is scheduled to list a $29 billion American Depositary Receipt on the Nasdaq market on the 10th. Bloomberg reported on the 5th local time that this offering could become the largest stock sale by a foreign company. The ADR listing is expected to enable trading during regular hours and qualify SK Hynix for inclusion in major indices such as the Nasdaq 100, generating mechanical buying demand from exchange-traded funds that track these indices.
Samsung Electronics Preferred Shares Trade at 210,500 Won
Samsung Electronics preferred shares ranked third in net purchases. Samsung Electronics preferred shares traded at 210,500 won on the 6th, up 1.20% from the previous session. Analysts noted that preferred shares have gained relative undervaluation appeal amid the rally in large-cap semiconductor common shares. Funds flowing into ETFs, which have emerged as a central force in domestic market liquidity, have concentrated on common shares, widening the gap with preferred shares.
Kia, Lemon Healthcare, Samsung Electro-Mechanics Net-Sold
The top net-sold stocks on the 6th were Kia, Lemon Healthcare, and Samsung Electro-Mechanics. On the previous trading day, the top net-purchased stocks were DB HiTek, SK, and Samsung Electro-Mechanics, while the top net-sold stocks were Samsung Electronics, Korea Circuit, and POSCO Holdings.
Mirae Asset Tracks Top 1% Investor Trades Over Recent 1 Month
Mirae Asset Securities compiles trading data from the top 1% of its clients by return over the recent 1 month and discloses it on its mobile trading system on a real-time, previous day, and recent 5-day basis. The statistical data is provided as simple informational guidance unrelated to Mirae Asset Securities' opinions and does not guarantee investment suitability or profit achievement for individual investors. The brokerage cautioned that theme stocks may experience abnormal volatility.
FAQ
What stocks did top investors at Mirae Asset Securities net-buy on the morning of the 6th?
Top investors at Mirae Asset Securities net-bought Samsung Electronics, SK Hynix, and Samsung Electronics preferred shares on the morning of the 6th until 11 AM, according to data compiled by the brokerage.
What is Meritz Securities' forecast for Samsung Electronics' Q2 operating profit?
Meritz Securities forecasted Samsung Electronics' Q2 operating profit at 90.1 trillion won, exceeding market expectations of 75 trillion to 84 trillion won. The DS division's operating profit before provisions was estimated at 109.5 trillion won for Q2.
When is SK Hynix scheduled to list its ADR on Nasdaq?
SK Hynix is scheduled to list a $29 billion American Depositary Receipt on the Nasdaq market on the 10th, according to the source article.
