May 08, 2024

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[THE INVESTOR] Samsung Electronics' shares hit an all-time high of 1,831,000 won (US$1,518.80), up 1.44 percent, on Jan. 3, on expectations of its improved fourth-quarter earnings last year.

Investment firm Kyobo Securities forecast the tech giant’s operating income in 2016 will reach a record high of 38.6 trillion won with its revenue coming in at 22.5 trillion won thanks to its robust chip business.

In the fourth quarter alone, Samsung is expected to have earned 52.1 trillion won revenue and 8.6 trillion won in operating income, up 9 percent and 66.1 percent, respectively.

Market analysts also contributed the anticipated change in the firm’s shareholder policy and governing structure to the recent stock rally.

Samsung announced last year that it would refurbish its dividend policy to hand out more returns for stakeholders and establish a holding company.

By Kim Young-won (wone0102@heraldcorp.com)