Topic: How To Invest

Q: Pat: Is it possible to invest in Samsung electronics through a discount broker like TD Direct Investing. If so, do you advise it? Thanks.

Article Excerpt

A: Samsung Electronics trades on the South Korean Exchange under the symbol KRX:005930. It doesn’t appear that you can buy the stock on that exchange through any Canadian discount brokers, including TD. The shares do trade on the U.S. over-the-counter market under the symbol SSNLF, and you can place a phone order with TD Direct Investing to buy it. However, the stock is very thinly traded on that exchange and has a wide bid-ask spread. In fact, on many trading days, no shares trade hands at all. Samsung is okay to hold though—the company recently reported its biggest-ever quarterly profit. Its earnings jumped to 11.05 trillion South Korean won ($9.9 billion U.S.) for the three months ended June 30, 2017. That’s an 89% rise from the company’s profit of 5.85 trillion won a year earlier. In the quarter, revenue rose 19.7%, to 61.0 trillion won from 50.94 trillion won. Components, such as semiconductors and display panels, are sold to competitors including Apple Inc…