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

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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Samsung Electronics : to halt production at its last computer factory in China

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08/01/2020 | 04:50am EDT
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world's second-biggest economy.

Companies are rethinking their production and supply chains amid rising Chinese labour costs, a U.S.-China trade war and the blow from the COVID-19 pandemic.

Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported on Friday, citing a notice to Samsung staff.

The factory shipped $4.3 billion worth of goods out of China in 2012, a figure that had sunk to $1 billion by 2018, the Hong Kong newspaper said.

A Samsung spokeswoman declined to comment on the factory's revenue and shipments, or details regarding employees.

"China remains an important market for Samsung and we will continue to provide superior products and services for Chinese consumers," the company said in a statement.

Samsung shut its last smartphone factory in China last year. Its remaining facilities include two semiconductor manufacturing sites in Suzhou and Xi'an.

(Reporting by Joyce Lee; Editing by William Mallard)

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Financials
Sales 2020 232 123 B 196 B 196 B
Net income 2020 24 333 B 20,6 B 20,6 B
Net cash 2020 96 701 B 81,7 B 81,7 B
P/E ratio 2020 15,7x
Yield 2020 2,47%
Capitalization 386 280 B 326 B 326 B
EV / Sales 2020 1 664x
EV / Sales 2021 1 480x
Nbr of Employees -
Free-Float 82,9%
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Technical analysis trends SAMSUNG ELECTRONICS CO., L
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Mean consensus BUY
Number of Analysts 39
Average target price 70 797,44 KRW
Last Close Price 57 800,00 KRW
Spread / Highest target 41,9%
Spread / Average Target 22,5%
Spread / Lowest Target -4,84%
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
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