Samsung Electronics (005930.KS), Samsung SDI (006400.KS) and NAVER (035420.KS) were the three most heavily bought stocks on the morning of the 23rd among high-return investors trading through Mirae Asset Securities (006800.KS).
According to Mirae Asset Securities, Samsung Electronics was the top net purchase through 11 a.m. among the brokerage's "top traders" — clients whose returns over the past month rank in the top 1%. The stock was quoted at 281,500 won, up 1.8% from the previous session's regular-hours close of 276,500 won. A close above 280,000 won would mark the first time the stock has finished at that level in about a month, since the 21st of last month.
Yuanta Securities Korea (003470.KS) on the same day raised its target price for Samsung Electronics to 630,000 won from 530,000 won set on June 1, an increase of about 18.9%, citing a prolonged memory chip cycle. The new target is the second-highest among domestic brokerages, trailing the 650,000 won set by Korea Investment & Securities in late July. It implies about 124% upside from the current share price.
"The market is worried about a possible peak-out in 2028 because of new capacity additions and noise around high-bandwidth memory," said Baek Gil-hyun, an analyst at Yuanta Securities Korea. "But given that HBM is eating into general-purpose DRAM capacity and that the spread of artificial intelligence inference is driving demand for high-capacity memory, the supply constraints are likely to ease later than expected."
Samsung SDI ranked second in net buying. The stock was quoted at 514,000 won, down 2.84% from the previous session, its third straight day of losses. The shares have been range-bound over the past month, but brokerages expect the company to post an earnings surprise in the third quarter.
Jung Won-seok, an analyst at iM Securities, raised the target price for Samsung SDI to 800,000 won from 590,000 won in a report on the 21st of this month. iM Securities projects third-quarter revenue of 4.1 trillion won and operating profit of 285 billion won, far above market consensus of 4 trillion won in revenue and 115.9 billion won in operating profit. The firm said compensation payments from automakers that fell short of minimum purchase volumes will drive earnings, despite a stronger won against the dollar.
NAVER came third in net buying. Its shares have struggled to reverse a downtrend this month and fell for a third consecutive session. Even so, some investors appear to be betting on the company's new "Neocloud" business — an AI-focused cloud service that leases graphics processing units needed for AI training and inference to corporate clients.
"Concerns about the existing businesses are already fully reflected in the current share price," said Lee Hyo-jin, an analyst at Meritz Securities (008560.KS). "Considering that Neocloud revenue will start coming in from the first quarter of next year, events that ease investor concerns are expected to unfold starting next month."
The most heavily sold stocks that morning were Samsung Electro-Mechanics (009150.KS), Samsung Electronics preferred shares (005935.KS) and SK hynix (000660.KS). In the previous session, the top net purchases were Samsung Electro-Mechanics, Samsung Electronics and Doosan Enerbility (034020.KS), while the top net sales were SK hynix, Orum Therapeutics (475830.KQ) and Lotte Energy Materials (020150.KS).
Mirae Asset Securities compiles the trades of clients whose returns rank in the top 1% over the past month and discloses them on its mobile trading system on a real-time, previous-day and five-day basis. The data is provided for information only, does not reflect the views of Mirae Asset Securities, and does not guarantee investment outcomes or returns for any individual investor. Investors should also note that theme stocks can be subject to abnormal price swings.
