Record Profits Fail to Impress Samsung Investors
10 Articles
10 Articles
Samsung Electronics, which leads the domestic stock market with the highest market capitalization in the securities market, announced its biggest quarterly operating profit of over 100 trillion won on the 8th, but COSPI fell by 2.62% and was unable to overcome the sluggishness. The securities market interprets it as “sell-on” (a phenomenon where sales volume is poured out when good news or disclosure is announced)
The Korean technology group Samsung benefits enormously from the increased prices for memory chips. The company increases its operating profit by almost nine times, a record result. Investors are still disappointed.
Record profits fail to impress Samsung investors
Even quarterly operating profit exceeding 100 trillion won ($74.65 billion) wasn't enough to impress investors in Samsung Electronics, whose shares have fallen about 30 percent from their June 19 peak. On Thursday, the Korean chipmaker estimated third-quarter operating profit at 107.4 trillion won, an increase of 782.5 percent from a year earlier and its fourth consecutive quarter of record earnings. No company, not even tech giants like Apple o…
(Seoul = Yonhap News) Reporter Hwang Chul-hwan = Although Samsung Electronics achieved the remarkable feat of becoming the first domestic company to surpass the 100 trillion won mark in quarterly operating profit, the Korean stock market on the 8th compared...
The KOSPI index is showing weakness despite Samsung Electronics announcing earnings that exceeded market expectations. Supply and demand pressures appear to be intensifying as large-cap semiconductor stocks enter the final phase of share buybacks and simultaneous selling by foreign and institutional investors continues. As of 12:08 PM on the 8th, the KOSPI index was trading at 6,726.46, down 77.44 points (1.14%) from the previous trading day. It…
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