[THE INVESTOR] Shares of
Samsung C&T, the fashion and trading arm of Samsung Group, continued to rally June 20 on expectations that it would benefit from the group’s ongoing corporate restructuring.
Its shares closed at 122,000 won (US$105.04), up 2.09 percent from the last trading session on June 17 when it climbed 3.46 percent.
“If Samsung C&T successfully transform itself as the holding company of Samsung Group, it will secure more than 20 percent of
Samsung Electronics’ business units and other subsidiaries,” said Baek Gwang-jea, analyst at Kyobo Securities.
On June 7,
Samsung SDS said it is considering spinning off its logistics process outsourcing business, and will consider acquisitions and new businesses to increase external customer sales.
Rumors have been swirling that the division, after a spin-off, would be merged with Samsung C&T, the group’s de facto holding firm. The company hasn’t confirmed it yet.
By Park Han-na (
hnpark@heraldcorp.com)
