The stocks most heavily bought by high-return investors trading through Mirae Asset Securities (006800.KS) on the morning of the 24th were Samsung Electronics, Samsung SDI and SK hynix, in that order.
According to Mirae Asset Securities, Samsung Electronics (005930.KS) was the most-purchased stock through 11 a.m. among the brokerage's "top stock traders" — clients whose returns over the past month rank in the top 1%.
Samsung Electronics was trading at 260,250 won as of 11 a.m., down 7.55% from the previous session. After the market closed on the 21st, the company disclosed that its board had approved a shareholder return plan estimated at 90 trillion to 110 trillion won. Because some in the market had expected returns of as much as 200 trillion won, the gap between the announced scale and those expectations drew attention.
Analysts said that despite short-term disappointment over the size of the shareholder return, they expect room for additional returns over the medium to long term. KB Securities projected that Samsung Electronics would share the direction and timing of additional return measures — such as cash dividends and share buybacks and cancellations — this October, and finalize the exact scale and method in January next year. "Assuming that the existing shareholder return policy of 50% of free cash flow (FCF) is applied unchanged to the next three-year policy, we estimate that Samsung Electronics will generate at least 600 trillion won in shareholder return funds over the next three years," said Kim Dong-won, head of KB Securities' research center.
The second most net-bought stock was Samsung SDI (006400.KS), which recently secured funds by selling its stake in Samsung Display. Samsung SDI shares were trading at 512,000 won at the same time, up 7.11% from the previous session. After the market closed on the 21st, Samsung SDI disclosed that it would sell its holding in Samsung Display for about 4.45 trillion won. The company has not specified how it will use the proceeds, but the market is focused on the possibility that they will first go toward North American investments, including SynergyCells, a battery plant under construction in New Carlisle, Indiana, in the United States.
"This disclosure is positive in that it clarifies how Samsung SDI will fund the expansion of its North American ESS battery facilities," said Park Jin-soo, an analyst at Shinyoung Securities. "The battery plant SynergyCells is set to convert to a wholly owned entity, so unlike a joint-venture structure, 100% of the battery profit can be recognized as net income attributable to the controlling shareholder."
The third most net-bought stock was PharmaResearch (214450.KS), trading at 413,500 won, up 3.25% from the previous session. Driven by its medical device product Rejuran, PharmaResearch has sustained solid growth, with second-quarter revenue of 178.7 billion won, up 27.1% from a year earlier and about 5.5% above market expectations. Operating profit rose 19.0% to 66.5 billion won, though that came in 1.8% below market forecasts.
The most net-sold stocks on the day were TLB (356860.KS), SK hynix (000660.KS) and SK Square (402340.KS). In the previous session, the most net-bought stocks were LS (006260.KS), Samsung Electro-Mechanics (009150.KS) and SK Telecom (017670.KS), while the top net sells were SK hynix, Samsung Electronics and Samsung Electronics preferred shares (005935.KS).
Mirae Asset Securities compiles the trades of investors whose returns ranked in the top 1% over the past month among its clients and publishes them on its mobile trading system (MTS) on a real-time, prior-day and recent five-day basis. This statistical data is simple informational guidance unrelated to the views of Mirae Asset Securities and does not guarantee investment outcomes or returns suited to any individual investor. Investors should also note that theme-related stocks carry the risk of abnormal price swings.
