Samsung SDS shares rise 9% on expectations of split-off plan

[THE INVESTOR] IT solutions firm Samsung SDS saw its share price increase 9 percent on Sept. 29, closing at 157,500 won (US$143.8).

The upward move reflects positive market views on the planned split-off of its logistic solution business, according to market watchers.

“The split-off of the logistics solution business unit is a fait accompli and it will likely improve profitability of the firm,” said Oh Se-joon, an analyst from Heungkook Securities.

 

“When relisted after the split-off, Samsung SDS will likely appeals to investors,” he added.

The Samsung Group affiliate announced in July this year that it would divide its businesses as part of its efforts to improve management efficiency.

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