Samsung Electronics Shares Advance After LIG Raises Estimate on Earnings

Samsung Electronics Co. advanced in Seoul trading, headed for a record close, after LIG Investment & Securities Co. raised its share-price estimate by 19 percent, saying the company will post record operating profit in 2011. Asia’s biggest maker of chips, flat screens and mobile phones rose 3 percent to 917,000 won as of 11:58 a.m. on the Korea Exchange. The benchmark Kospi stock index gained 0.2 percent.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Shinhye Kang at skang24@bloomberg.net

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