Samsung Electronics: A Massive 10 Trillion Won Share Buyback Program

• Samsung Electronics (005930 KS) announced a massive share buyback program worth 10 trillion won which represents 3.1% of its market cap.

• Of this total amount, about 3 trillion won will be purchased and cancelled in the next three months. This will include 50,144,628 common shares and 6,912,036 preferred shares.

• We believe that this massive share buyback and cancellation is likely to boost Samsung Electronics' share price resulting in a strong outperformance relative to KOSPI in the next 6-12 months.

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