Reported about 14 hours ago
The Ninety One Global Strategy Fund has increased its investment in Samsung Electronics, predicting a rebound in its stock amidst a strong performance from the Korean equity market. Co-manager Charlie Linton believes Samsung has been undervalued compared to competitors like SK Hynix, especially in the high-bandwidth memory chip market. With Korea's Kospi Index soaring nearly 30% this year, the fund's positive outlook highlights Samsung's potential for growth as it prepares to launch its next-generation DRAM chip.
Source: YAHOO