Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Samsung Electronics Co., Ltd.    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Samsung Display to end all LCD production by end 2020

share with twitter share with LinkedIn share with facebook
share via e-mail
03/30/2020 | 11:54pm EDT
The logo of Samsung Electronics is seen at its office building in Seoul

South Korean panel maker Samsung Display has decided to end all of its production of liquid crystal display (LCD) panels in South Korea and China by the end of this year, a spokeswoman said on Tuesday.

Samsung Display, a unit of South Korean tech giant Samsung Electronics Co Ltd, said in October that it suspended one of its two LCD production lines at home amid falling demand for LCD panels and a supply glut.

"We will supply ordered LCDs to our customers by the end of this year without any issues," the company said in a statement.

In October, the Apple Inc supplier said it will invest 13.1 trillion won (8.70 billion pounds) in facilities and research to upgrade a production line, as it contends with oversupply amid weak global demand for smartphones and TVs.

The investment for the next five years will be focused on converting one of its South Korean LCD lines into a facility to mass produce more advanced "quantum dot" screens.

The company runs two LCD production lines at factories in South Korea and two LCD-only factories in China.

Samsung has not yet decided on the future operation of its factories in China, said the spokeswoman.

Samsung Display's cross-town rival LG Display Co Ltd said earlier this year that it will halt domestic production of LCD TV panels by the end of 2020.

(Reporting by Heekyong Yang; Editing by Kim Coghill and Christopher Cushing)

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.55% 325.12 Delayed Quote.10.72%
LG DISPLAY CO., LTD. 6.31% 11800 End-of-day quote.-27.38%
SAMSUNG ELECTRONICS CO., LTD. 6.03% 54500 End-of-day quote.-2.33%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SAMSUNG ELECTRONICS CO., L
12:53pGlobal smartphone shipments to fall 12% this year on virus woes - IDC
RE
09:17aSAMSUNG ELECTRONICS : DO NOT use this wallpaper on your Android phones
AQ
08:45aSAMSUNG ELECTRONICS : Launches Galaxy M11, Galaxy M01 - Two New M Series Smartph..
AQ
06/02Qatar Petroleum's $19 billion LNG vessel order boon for South Korean shipbuil..
RE
06/02Qatar Petroleum's $19 billion LNG vessel order boon for South Korean shipbuil..
RE
06/02South Korea to resume WTO complaint over Japan's export curbs after talks sta..
RE
06/02SAMSUNG ELECTRONICS : South Korea to resume WTO complaint over Japan's export cu..
RE
06/01GALAXY Z FLIP : Samsung soon to be unveiled 'Foldable Device'
AQ
06/01Gartner Says Global Smartphone Sales Declined 20% in First Quarter of 2020 Du..
AQ
06/01SAMSUNG ELECTRONICS : Exclusive Stores Get 'Suraksha' Certified in India to Ensu..
AQ
More news
Financials
Sales 2020 227 674 B 187 B 187 B
Net income 2020 24 421 B 20,1 B 20,1 B
Net cash 2020 99 650 B 82,0 B 82,0 B
P/E ratio 2020 14,5x
Yield 2020 2,75%
Capitalization 363 371 B 299 B 299 B
EV / Sales 2019
EV / Sales 2020 1 596x
Nbr of Employees -
Free-Float 82,6%
Chart SAMSUNG ELECTRONICS CO., LTD.
Duration : Period :
Samsung Electronics Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAMSUNG ELECTRONICS CO., L
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Average target price 65 076,92 KRW
Last Close Price 54 500,00 KRW
Spread / Highest target 41,3%
Spread / Average Target 19,4%
Spread / Lowest Target -8,26%
EPS Revisions
Managers
NameTitle
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Jae-Wan Park Chairman
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG ELECTRONICS CO., LTD.-2.33%281 894
APPLE INC.10.11%1 401 464
XIAOMI CORPORATION18.37%38 599
WINGTECH TECHNOLOGY CO.,LTD15.32%16 327
FITBIT, INC.-4.41%1 677
MERRY ELECTRONICS CO., LTD.-18.21%963