Published : Sept. 29, 2016 - 17:25
[THE INVESTOR] With Samsung Electronics poised to resume the sale of its latest Galaxy Note 7 smartphone on Oct. 1, its shares and those of its parts suppliers rose on Sept. 29.
Samsung Electro-Mechanics saw its shares increase 2.07 percent to close at 49,350 won (US$44.9).
Since the first report of the faulty battery of the Note 7 made headlines on Aug. 24, the firm’s stock price dropped to a low of 47,400 won, down 20.1 percent from a high of 60,000 won.
Amotech, a near field communication chipmaker, and raid frequency module maker Wisol saw their stocks slightly increase 0.95 percent, and 1.56 percent, respectively, to 16,000 won and 13,000 won.
The shares of Hansol Technics, a wireless charging pad maker, increased 0.3 percent to 16,700 won.
Samsung restarted shipments of the Note 7 preorders to customers on Sept. 28 and will resume sales of the high-end phone on Oct. 1 in Seoul, and on Oct. 28 in Europe.
By Kim Young-won (wone0102@heraldcorp.com)