Top 1% profitable investors at Mirae Asset Securities net-bought Alteogen, Samsung Electronics, and Samsung Electronics preferred shares during morning trading on the 16th, according to data compiled by 11:00. Alteogen ranked first in net purchases despite trading 2.77% lower at 280,500 won, while Samsung Electronics fell 8.32% to 256,250 won and Samsung Electronics preferred dropped 9.79% to 173,200 won. The buying pattern emerged as investors pursued bargain opportunities amid a broad market decline triggered by profit-taking in US semiconductor stocks overnight.
Investors Target Alteogen Amid Competitive Concerns
Alteogen attracted the highest net buying from top-performing investors despite recent market concerns about Samsung Bioepis acquiring subcutaneous (SC) formulation technology that could compete with Alteogen's platform. Alteogen has expanded technology transfer contracts with global pharmaceutical companies using its SC formulation conversion platform technology.
Hana Securities analyst Kim Sun-ah stated in a report on the previous day that Samsung Bioepis's technology is a biosimilar replicating US company Halozyme's SC platform 'Enhanze' and will not significantly impact Alteogen's technological competitiveness. The analyst maintained a buy rating and 580,000 won target price.
Samsung Electronics Attracts Buying During Semiconductor Decline
Samsung Electronics ranked second in net purchases as the stock fell 8.32% to 256,250 won. Samsung Electronics preferred shares ranked third in net buying, declining 9.79% to 173,200 won. The buying activity concentrated on these stocks as their price declines deepened during the broader market selloff.
SK Hynix Leads Net-Selling List
SK Hynix topped the net-selling list, contrasting with the net-buying pattern observed in Samsung Electronics and its preferred shares. LG Energy Solution and Daeduck Electronics ranked second and third respectively in net selling. On the previous day (15th), the top net-bought stocks were Samsung Electronics, LG Energy Solution, and Doosan, while top net-sold stocks were SK Hynix, Hanmi Semiconductor, and Samsung Electro-Mechanics.
Mirae Asset Securities compiles trading data from its top 1% most profitable customers over the past month and publishes the information on its mobile trading system in real-time, previous day, and recent 5-day formats.
FAQ
What stocks did top Korean investors buy on the 16th?
Top 1% profitable investors at Mirae Asset Securities net-bought Alteogen, Samsung Electronics, and Samsung Electronics preferred shares during morning trading on the 16th by 11:00.
Why did investors buy Alteogen despite competitive concerns?
Investors pursued bargain buying as Alteogen traded 2.77% lower at 280,500 won. Hana Securities analyst Kim Sun-ah stated that Samsung Bioepis's technology is a biosimilar replicating Halozyme's platform and will not significantly impact Alteogen's technological competitiveness, maintaining a buy rating and 580,000 won target price.
How did Samsung Electronics and SK Hynix trading patterns differ on the 16th?
Samsung Electronics and Samsung Electronics preferred shares ranked second and third in net buying despite falling 8.32% and 9.79% respectively, while SK Hynix topped the net-selling list during the same trading session.
