6 stories mentioning KRX:016360Updated just now
Every FINWIRES story that references KRX:016360, newest first.
Samsung Securities (KRX:016360) recorded a 108% rise in attributable net income in the second quarter to 488.2 billion won from 234.6 billion won a year prior.The financial services company's sales in the three months ended June 30 soared 112% year on year to 9.664 trillion from 4.567 trillion, according to a Tuesday South Korea filing.
KB Financial's (KRX:105560) board approved a 700 billion won treasury stock acquisition through a trust contract with Samsung Securities (KRX:016360) on Thursday, according to a bourse filing on the same day.The buyback program runs from July 24 to Dec. 16, targeting approximately 3.99 million common shares at a reference price of 175,100 won per share, based on the July 22 closing price.The company currently holds 3.58 million treasury shares within the dividend-available limit and 19.8 million shares indirectly through existing trust contracts, for a total of about 22.9 million shares.All shares acquired under the new trust contract are expected to be retired within one year after the contract period ends.The acquisition remains within the company's 1.14 trillion won limit of distributable profits as of the previous fiscal year-end.
Samsung Securities (KRX:016360) plans to borrow domestic equity securities, including stocks and listed index investment trusts, from its affiliate, Samsung Asset Management.The 20 billion-won transaction, running from Aug. 1 to Oct. 31, is intended for securities-lending intermediation, according to a bourse filing on Tuesday.The borrowing terms will be set through bidding, with the highest offered rate selected, while other conditions follow the Korea Securities Depository's lending rules.As of July 3, the outstanding balance of securities borrowed from the affiliate stood at 108.1 billion won.
DBS Group (SGX:D05) said it was partnering with Samsung Securities (KRX:016360) to advance wealth management collaboration across Asia, according to a Thursday statement.Under the memorandum of understanding, both sides will explore offering DBS clients access to the South Korea market. In return, Samsung Securities' clients will see access to DBS' global wealth solutions.
Samsung Securities (KRX:016360) launched a public offering of equity-linked securities (ELS) worth 440 billion won on Wednesday, according to a same-day filing with the Korean Exchange.Subscription for the offering will be active from June 18 to June 25, with the payment date being June 25, the filing said.Shares of Samsung Securities fell over 4% in recent trade.
Shares of Samsung Electronics (KRX:005930) surged nearly 12% in Wednesday morning trade to hit a market valuation of $1 trillion, supported by the strong demand for AI chips, Bloomberg News reported on the same day.The South Korean chipmaker became the second Asian firm after Taiwan Semiconductor Manufacturing (TPE:2330) to hit the $1 trillion mark, the report said.Overseas investors appear to be driving the recent rally in the stock, supported by a deal between Interactive Brokers and Samsung Securities (KRX:016360) that allows U.S. investors to directly buy South Korean stocks, it said.The firm's semiconductor wing had posted record profit in the first quarter, surpassing expectations by a wide margin on strong AI data center demand, with analysts expecting the momentum to continue in the quarters ahead as contract prices keep moving higher amid a scarce supply, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
