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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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End-of-day quote Korea Stock Exchange  -  2022-08-11
60200.00 KRW   +0.50%
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S.Korean shares drop 2% on recession worries, won weakens

06/20/2022 | 03:07am EDT

* KOSPI falls 2%, closes at 19-month low

* Korean won hits 27-month low against U.S. dollar

* South Korea benchmark bond yield inches down

* For the midday report, please click

SEOUL, June 20 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares fell 2% on Monday, underperforming most Asian peers to end at a 19-month low, as investor sentiment dampened on global economic recession concerns. The won touched its 27-month low, while the benchmark bond yield inched down.

** The benchmark KOSPI ended down 49.90 points, or 2.04%, at 2,391.03, its lowest close since Nov. 4, 2020.

** Technology giant Samsung Electronics and peer SK Hynix fell 1.84% and 1.97%, respectively, dragging the index lower. Battery maker LG Energy Solution also dropped 3.29%.

** Foreigners were net sellers of 662.4 billion won ($512.81 million) worth of shares on the main board.

** Only 62 of the total 930 traded issues advanced.

** Worries of economic recession intensified globally, but local stock losses were much bigger than broader Asian markets, said Daishin Securities' analyst Lee Kyoung-min, adding, a heavy sell-off by foreigners and seemingly forced-selling of retail investors' leveraged holdings further weighed on the market.

** South Korea's finance minister reiterated the forex authorities' recent stance that they would take necessary steps to stabilise the currency market in case of excessive volatility.

** The won was last quoted at 1,292.4 per dollar on the onshore settlement platform, 0.39% lower than the previous session and its lowest close since July 14, 2009. During the session, the currency touched its lowest intraday level since March 19, 2020 at 1295.3.

** In offshore trading, the won was quoted flat at 1,291.8 per dollar, while in non-deliverable forward trading its one-month contract was quoted at 1,291.4.

** In money and debt markets, June futures on three-year treasury bonds rose 0.04 point to 103.65 in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield fell by 1.1 basis points to 3.724%, while the benchmark 10-year yield fell by 1.4 basis points to 3.781%. ($1 = 1,291.7000 won) (Reporting by Jihoon Lee; Editing by Rashmi Aich)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
KOSPI COMPOSITE INDEX 0.49% 2528.66 Real-time Quote.-15.05%
LG ENERGY SOLUTION, LTD. -2.44% 460500 End-of-day quote.0.00%
SAMSUNG ELECTRONICS CO., LTD. 0.50% 60200 End-of-day quote.-23.12%
SK HYNIX INC. 0.00% 93300 End-of-day quote.-28.78%
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Financials
Sales 2022 314 023 B 240 B 240 B
Net income 2022 41 542 B 31,7 B 31,7 B
Net cash 2022 118 924 B 90,7 B 90,7 B
P/E ratio 2022 9,43x
Yield 2022 2,49%
Capitalization 404 722 B 309 B 309 B
EV / Sales 2022 0,91x
EV / Sales 2023 0,81x
Nbr of Employees -
Free-Float 83,0%
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Mean consensus BUY
Number of Analysts 38
Last Close Price 60 200,00 KRW
Average target price 84 276,32 KRW
Spread / Average Target 40,0%
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Managers and Directors
Jong-Hee Han Vice Chairman & Co-Chief Executive Officer
Kye Hyun Kyung Co-Chief Executive Officer & Executive Director
Hee-Chan Roh Chief Financial Officer
Han-Jo Kim Chairman
Sang-Gyun Kim Head-Compliance Management
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