South Korea's third quarter, Samsung Electronics, a record high due to strong ch

South Korea's technology giant Samsung Electronics (005930.KS) Friday announced that the third quarter operating profit may grow nearly twice the same period last year, a record high, and better than analysts expected, because the memory chip prices may be strong Pushing up profit margins.

Information picture: In October 2014, many people view the phone's figure projection on the screen of the Samsung electronic business logo. REUTERS / Dado Ruvic
Samsung Electronics shares soon after opening on Friday immediately hit a new high of 2.74 million won, due to increasing demand for memory chips, 2017 profit is expected to record.

"Memory chips have entered a beautiful new world, and the rate of supply has been much slower and demand has exceeded expectations, prompting the price quickly," said Kim Woon-ho, an analyst at IBK Investment & Securities.

"Despite the recent surge in share prices, this has not yet reflected an increase in all projected earnings."

Analysts said that in mid-September launched the cover Le World Note 8 smart phone sales hot, boosting the mobile business profit; last year Samsung Electronics paid a high price to sell off the incident on the Note 7 mobile phone, the company is now from the matter Hit in recovery.