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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Electronics Co Ltd    A005930   KR7005930003

SAMSUNG ELECTRONICS CO LTD

(A005930)
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Samsung Electronics : Vietnam August trade surplus jumps on Samsung phone shipments

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09/11/2019 | 05:05am EDT

HANOI (Reuters) - Vietnam' trade surplus in August widened dramatically from July, backed by a strong increase in smartphone shipments, as its surplus with the United States continued to increase, government data released on Wednesday showed.

The Southeast Asian country's trade surplus came in at $3.435 billion in August, widening from a surplus of $43 million in July and beating a previous government forecast for a surplus of $1.7 billion, the Customs Department said in a statement.

Exports in August rose 12.6% from the previous month to $25.885 billion, while imports fell 2.1% to $22.450 billion, the department said.

Smartphones, garments and electronic home appliances were among the largest export earners in August. Main imports were electronics and machinery, the data showed.

Vietnam's exports of smartphones and spare parts, mostly produced by Samsung Electronics, rose 48% in August from July, the data showed. Samsung unveiled a new version of the Galaxy Note smartphones in early August.

Wednesday's data also showed Vietnam's trade surplus with the United States, Vietnam's largest export market, widened to $4.99 billion in August from $3.84 billion a year earlier.

Meanwhile, Vietnam's trade deficit with China rose to $2.48 billion in August from $1.37 billion a year earlier. Vietnam relies on China, its largest trading partner, for materials and equipment for its labour-intensive manufacturing.

For the first eight months of 2019, Vietnam's total exports climbed 8.1% from a year earlier to $171.296 billion, while imports were also up 8.1% at $166.071 billion, resulting in a trade surplus of $5.225 billion.

Its trade surplus with the United States in the January-August period widened to $29.82 billion from $22.14 billion a year earlier, while its deficit with China increased to $25.11 billion from $17.23 billion.

(Reporting by Khanh Vu and Phuong Nguyen; Editing by Andrew Heavens, Robert Birsel)

By Khanh Vu

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Financials (KRW)
Sales 2019 229 668 B
EBIT 2019 26 809 B
Net income 2019 21 053 B
Finance 2019 90 892 B
Yield 2019 3,06%
P/E ratio 2019 14,7x
P/E ratio 2020 11,5x
EV / Sales2019 1 364x
EV / Sales2020 1 278x
Capitalization 313 352 B
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Average target price 54 627,18  KRW
Last Close Price 47 100,00  KRW
Spread / Highest target 38,0%
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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
Sang-Hoon Lee Chairman
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