[THE INVESTOR] Samsung Electronics Preferred shares of Samsung Electronics touched a new high on Aug. 8, propelled by improved earnings and treasury stock buyback.
The shares retreated to 1,298,000 won (US$1,164.55) as of 10:30 a.m. after reaching an all-time high of 1,305,000 won, up 0.62 percent from the earlier session.
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Samsung Galaxy Note 7. |
The share price has been moving up since the company reported an operating profit of 8.14 trillion won, up 18 percent on-year in the second quarter.
The gain also stemmed from Samsung Electronics’ repurchase of its shares. It plans to buy back a total of 1.51 trillion worth of shares by Oct. 28.
By Park Han-na (
hnpark@heraldcorp.com)
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