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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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End-of-day quote Korea Stock Exchange  -  2022-08-08
60000.00 KRW   -1.32%
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S.Korean shares drop on recession worries; won falls most in 16 months

06/29/2022 | 03:13am EDT

* KOSPI falls 1.8%, ends three-day rise

* Korean won posts worst day in 16 months

* South Korea benchmark bond yield flat

* For the midday report, please click

SEOUL, June 29 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares dropped 1.8% on Wednesday as worries resurfaced about a recession from high inflation and monetary policy tightening. The won posted its worst daily performance in 16 months, while the benchmark bond yield was flat.

** The benchmark KOSPI ended down 44.10 points, or 1.82%, at 2,377.99, snapping a three-session rising streak.

** Both in the United States and South Korea, consumer confidence fell sharply in June amid worries about high inflation.

** Recession worries after weak U.S. data and fears of a big interest rate hike from the Bank of Korea due to rising inflation expectations weighed on the market, said Daishin Securities' analyst Lee Kyoung-min.

** Among heavyweights, technology giant Samsung Electronics and peer SK Hynix fell 2.36% and 1.36% respectively, tracking a sharp drop of the Philadelphia Semiconductor Index overnight.

** LG Energy Solution lost 4.63% after the battery maker said it would re-evaluate its investment plan for a standalone Arizona battery factory. Its parent company LG Chem dropped 7.02%.

** Hyundai Motor and Kia Corp fell 5.65% and 6.11%, respectively, after German authorities raided the automakers over allegations that they put over 210,000 diesel vehicles with suspected illegal defeat devices onto the road.

** Kakaobank declined 7.85% to its lowest-ever close since the August 2021 listing after a local brokerage's unusual "underperform" rating.

** Foreigners were net sellers of 226.1 billion won ($174.07 million) worth of shares on the main board.

** The won was last quoted at 1,299.0 per dollar on the onshore settlement platform, 1.20% lower than its previous close. The currency posted its worst daily performance since Feb. 26, 2021.

** In money and debt markets, September futures on three-year treasury bonds rose 0.08 point to 103.46 in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield rose by 1.4 basis points to 3.553%, while the benchmark 10-year yield fell by 0.3 basis point to 3.661%. ($1 = 1,298.9300 won) (Reporting by Jihoon Lee; Editing by Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI CORPORATION 0.29% 17000 End-of-day quote.1.19%
HYUNDAI MOTOR COMPANY -1.28% 193500 End-of-day quote.-7.42%
KAKAOBANK CORP. 3.75% 33200 End-of-day quote.-43.73%
KIA CORPORATION 0.12% 81500 End-of-day quote.-0.85%
KOSPI COMPOSITE INDEX 0.52% 2504.36 Real-time Quote.-16.30%
LG CHEM, LTD. 2.91% 671000 End-of-day quote.9.11%
LG ENERGY SOLUTION, LTD. 2.35% 457500 End-of-day quote.0.00%
SAMSUNG ELECTRONICS CO., LTD. -1.32% 60000 End-of-day quote.-23.37%
SK HYNIX INC. -1.25% 95100 End-of-day quote.-27.40%
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Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
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Financials
Sales 2022 314 696 B 241 B 241 B
Net income 2022 41 721 B 31,9 B 31,9 B
Net cash 2022 118 924 B 91,0 B 91,0 B
P/E ratio 2022 9,42x
Yield 2022 2,50%
Capitalization 403 775 B 309 B 309 B
EV / Sales 2022 0,91x
EV / Sales 2023 0,80x
Nbr of Employees -
Free-Float 83,0%
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Mean consensus BUY
Number of Analysts 38
Last Close Price 60 000,00 KRW
Average target price 84 276,32 KRW
Spread / Average Target 40,5%
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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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