Samsung Electronics Gains 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.