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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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End-of-day quote Korea Stock Exchange  -  2022-08-07
60800.00 KRW   -1.14%
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S.Korean shares mark worst week in five months on recession fears

06/17/2022 | 03:12am EDT

* KOSPI falls 6% this week, biggest since late Jan

* Korean won weakens against U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, June 17 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares fell on Friday to post their worst week in nearly five months, as a flurry of interest rate hikes across the globe this week raised fears of a recession. The Korean won weakened, while the benchmark bond yield rose.

** The benchmark KOSPI slipped 10.48 points, or 0.43%, to 2,440.93, marking its lowest close since Nov. 6, 2020. The index fell 2.24% in early trade.

** For the week, the KOSPI fell 5.97% - its sharpest weekly drop since late January.

** Faster tightening by central banks fanned recession worries, said Daishin Securities' analyst Lee Kyoung-min, adding that the local stock market recovered some losses in afternoon trade after a rebound in U.S. stock futures.

** Following the Fed's 75-basis-point rate hike, the Bank of England raised interest rates by 25 basis points on Thursday.

** Among heavyweights, technology giant Samsung Electronics dropped 1.81% and peer SK Hynix fell 1.03%, while battery maker LG Energy Solution lost 0.35%.

** Foreigners were net sellers of 687.1 billion won ($533.02 million) worth of shares on the main board.

** The won was last quoted at 1,287.3 per dollar on the onshore settlement platform, 0.13% lower than its previous close. The currency weakened 1.43% for the week.

** In offshore trading, the won was quoted flat at 1,288.5 per dollar, while in non-deliverable forward trading its one-month contract was quoted at 1,288.7.

** In money and debt markets, June futures on three-year treasury bonds fell 0.03 point to 103.57 in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield rose by 1.1 basis points to 3.741%, while the benchmark 10-year yield rose by 3.0 basis points to 3.790%. ($1 = 1,289.0800 won) (Reporting by Jihoon Lee)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
KOSPI COMPOSITE INDEX -0.07% 2491.38 Real-time Quote.-16.24%
LG ENERGY SOLUTION, LTD. 0.22% 447000 End-of-day quote.0.00%
SAMSUNG ELECTRONICS CO., LTD. -1.14% 60800 End-of-day quote.-22.35%
SK HYNIX INC. -2.23% 96300 End-of-day quote.-26.49%
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Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
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Financials
Sales 2022 314 927 B 242 B 242 B
Net income 2022 41 653 B 32,1 B 32,1 B
Net cash 2022 118 841 B 91,4 B 91,4 B
P/E ratio 2022 9,55x
Yield 2022 2,47%
Capitalization 408 633 B 314 B 314 B
EV / Sales 2022 0,92x
EV / Sales 2023 0,82x
Nbr of Employees -
Free-Float 83,0%
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 38
Last Close Price 60 800,00 KRW
Average target price 84 171,05 KRW
Spread / Average Target 38,4%
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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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