Samsung Electronics Gains After Daewoo, HI Raise Price Estimates
October 09, 2011, 9:04 PM EDTBy Saeromi Shin
Oct. 10 (Bloomberg) -- Samsung Electronics Co. advanced as much as 2.3 percent in Seoul trading after Daewoo Securities Co. and HI Investment & Securities Co. raised their share-price estimates and earnings estimates. Asia’s biggest maker of chips, flat screens and mobile phones climbed to 879,000 won as of 9:41 a.m. on the Korea Exchange. The benchmark Kospi Index gained 0.7 percent. Samsung reported better-than-expected profit on Oct. 7 after demand for Galaxy smartphones outweighed slumping sales of displays and semiconductors.
To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net
To contact the editor responsible for this story: Seyoon Kim at skim7@bloomberg.net
