1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. Samsung Electronics Co., Ltd.
  6. News
  7. Summary
    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
  Report
End-of-day quote. End-of-day quote Korea Stock Exchange - 05/20
68000 KRW   +0.74%
03:11pComputer chip giant ASML places big bets on a tiny future
RE
09:18aBiden opens Asia trip, says supply chain vital in S. Korea plant tour
AQ
09:07aBIDEN : SKorean chip plant a model for deeper ties to Asia
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Asia's 'ant' and 'moth' investors test broker nerves

01/28/2021 | 09:45pm EDT
A panel displaying stock indices of Asian markets at Hong Kong Exchanges in Hong Kong

SINGAPORE (Reuters) - Asia's retail investors, emboldened by the meteoric rise of U.S. videogame retailer GameStop, are taking on short sellers and making their brokers nervous enough to cut off margin lending.

In South Korea, small investors known as "ants" have borrowed so much money to dabble in stocks that at least half a dozen brokerages have stopped offering them leverage.

GameStop's global impact is the latest manifestation of a day-trading mania driven by amateur investors that is boosting the price of assets ranging from cryptocurrencies to new stock market listings.

"Not afraid, not flinching," said Ji-Han Kim, who works at a food delivery chain in Seoul and whose stock portfolio includes Chinese drone-maker Ehang, which he says has made him a 412% return, and chip giant Samsung Electronics.

"I see it as a bubble that doesn't burst for a while."

However, this euphoria is not universal and Korea Financial Investment Association data shows six South Korean brokerages stopped margin lending this month, after loan values hit a record 21.6 trillion won ($19.3 billion) this week.

"Any more lending to ants would go against the capital requirement ratio for brokerages," said Kwak Sang-jun, a stockbroker at Shinhan Investment Corp in Seoul.

"No-one expected the rally would be this explosive, and trading demand from retail investors would grow this explosive."

The retail phenomenon is widespread across Asia, where small-time traders have long played an outsized role, especially in markets such as South Korea and China. But investors are becoming younger, much more leveraged and influential.

In Thailand, where they are known as "moths", such investors piled into local cannabis-related stocks on Thursday in anticipation of regulatory changes by the government there.

In Hong Kong, retail investors borrowed more than $50 billion to buy shares in Chinese video sharing app Kuaishou Technology's float.

And in Australia and Japan, heavily shorted stocks are surging as small investors try and emulate the squeeze that has driven GameStop shares up 17-fold in little more than two weeks.

GAMESTOP NOT OVER

GameStop has become the poster-stock for apparently coordinated small-investor buying, marshalled over online forums such as Reddit, and aimed at inflicting pain on big hedge funds who had bet it would struggle and its stock would fall.

It was the most-traded stock at brokers Stockal and Vested Finance in India and a tiny Australian nickel explorer with a similar ticker, GME Resources, rose as much as 50% on Thursday in Sydney.

Such trades lit up market forums such as chat app Telegram, Kakao Talk in South Korea and 2 channel in Japan, as prices reacted to the retail army, though with much less of the fury of Reddit forums and much more enthusiasm for locking in gains.

"People are calling me and saying: I'm FOMO, I think I'm missing something," said Chris Brankin, CEO at TD Ameritrade in Singapore, a platform for local investors to buy U.S. stocks.

Along with fellow retail darling AMC Entertainment, GameStop has topped volumes over last few days for Saxo Capital Markets, said its Asia-Pacific CEO Adam Reynolds, adding new account volumes are "insane", with 80% of new clients under 40.

"Because they're getting better and because they're getting more confidence, it's sometimes the institutional (investors) who are getting a bit overrun," Reynolds said.

Retail investors made up 67% of average daily trading volume on South Korea's main KOSPI market last year and a "buy everything" market has lifted it 113% since March.

SHORT SHRIFT

Asian markets were jittery on Thursday and painful for short sellers, as some heavily shorted companies jumped.

In Australia, funeral operator InvoCare, salmon farmer Tassal and poultry producer Inghams, all of which have short interest levels higher than 8% according to regulatory data, leapt to multi month highs.

Japan's most shorted stock, telecom equipment maker Anritsu Corp, touched a two-decade high.

In China, where investors are more familiar with the swings and roundabouts of a market in which fickle retail buyers command price moves, traders were admiring of the role adopted by U.S. retail investors but said that such stock volatility would trigger action by Chinese regulators.

"Retail investors in the U.S. are marvellous," read one well-liked post on a chat app run by Hithink RoyalFlush.

For Chinese cryptocurrency entrepreneur Justin Sun, who bid$4.6 million for a charity lunch with Warren Buffet in 2019, the GameStop party is not over.

"I'll be buying $1 mil of $GME tonight," he said on Twitter.

"Watch out, Asians are coming!"

(Reporting by Tom Westbrook in Singapore; Additional reporting by Cynthia Kim in Seoul, Stanley White in Tokyo, Luoyan Liu in Shanghai, Joori Roh in Seoul, Abhirup Roy in Mumbai, Scott Murdoch and Alun John in Hong Kong and Orathai Sriring in Bangkok.; Editing by Vidya Ranganathan and Alexander Smith)

By Tom Westbrook


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMC ENTERTAINMENT HOLDINGS, INC. -8.03% 12.03 Delayed Quote.-51.91%
ANRITSU CORPORATION -1.15% 1460 Delayed Quote.-16.88%
AURORA CANNABIS INC. -4.11% 3.73 Delayed Quote.-43.21%
AUXLY CANNABIS GROUP INC. -10.34% 0.13 Delayed Quote.-21.62%
CANOPY GROWTH CORPORATION -5.59% 7.09 Delayed Quote.-31.97%
CRONOS GROUP INC. -0.69% 4.34 Delayed Quote.-12.25%
EHANG HOLDINGS LIMITED -3.08% 7.88 Delayed Quote.-45.51%
GAMESTOP CORP. -3.56% 95.66 Delayed Quote.-33.16%
GME RESOURCES LIMITED 0.00% 0.115 Delayed Quote.76.92%
HEXO CORP. -7.89% 0.35 Delayed Quote.-56.82%
INGHAMS GROUP LIMITED -0.71% 2.8 Delayed Quote.-19.43%
INVOCARE LIMITED -1.23% 12.09 Delayed Quote.4.08%
KOSPI COMPOSITE INDEX 1.94% 2638.73 Real-time Quote.-13.03%
ORGANIGRAM HOLDINGS INC. -4.35% 1.54 Delayed Quote.-27.48%
SAMSUNG ELECTRONICS CO., LTD. 0.74% 68000 End-of-day quote.-13.15%
TASSAL GROUP LIMITED 0.00% 3.69 Delayed Quote.5.73%
THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. 10.53% 0.105 Delayed Quote.0.00%
TILRAY BRANDS, INC. -2.88% 4.72 Delayed Quote.-30.87%
All news about SAMSUNG ELECTRONICS CO., LTD.
03:11pComputer chip giant ASML places big bets on a tiny future
RE
09:18aBiden opens Asia trip, says supply chain vital in S. Korea plant tour
AQ
09:07aBIDEN : SKorean chip plant a model for deeper ties to Asia
AQ
07:24aS.Korea's Yoon calls for supply chain cooperation as Biden visits Samsung chip plant
RE
05:05aBiden starts Asia trip with global issues and tech on agenda
AQ
03:34aS.Korean stocks end higher, post biggest weekly gain in 2 months
RE
05/19FIRST STOP SAMSUNG : Biden touts S.Korean role in securing global supply chains
RE
05/19S.Korean stocks end 1% lower on economic slowdown worries
RE
05/18South Korean Stocks Rise on Investors’ Bargain-Hunting, US Tech Stocks Gains; Sam..
MT
05/18'Samsung Smart School' Inaugurated at Jawahar Navodaya Vidyalaya, Patna; Will Focus on ..
AQ
More news
Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
More recommendations
Financials
Sales 2022 323 999 B 254 B 254 B
Net income 2022 47 085 B 37,0 B 37,0 B
Net cash 2022 120 225 B 94,4 B 94,4 B
P/E ratio 2022 9,40x
Yield 2022 2,12%
Capitalization 455 894 B 358 B 358 B
EV / Sales 2022 1,04x
EV / Sales 2023 0,90x
Nbr of Employees -
Free-Float 83,0%
Chart SAMSUNG ELECTRONICS CO., LTD.
Duration : Period :
Samsung Electronics Co., Ltd. Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Last Close Price 68 000,00 KRW
Average target price 95 421,05 KRW
Spread / Average Target 40,3%
EPS Revisions
Managers and Directors
Jong-Hee Han Vice Chairman & Co-Chief Executive Officer
Kye Hyun Kyung Co-Chief Executive Officer & Executive Director
Hee-Chan Roh Chief Financial Officer
Han-Jo Kim Chairman
Sang-Gyun Kim Head-Compliance Management
Sector and Competitors