SSUN.F - Samsung Electronics Co., Ltd.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
821.00
-8.00 (-0.97%)
At close: 4:52PM CET
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Previous Close829.00
Open820.00
Bid818.00 x 5000
Ask819.00 x 5000
Day's Range819.00 - 824.00
52 Week Range585.00 - 847.00
Volume166
Avg. Volume316
Market Cap267.332B
Beta (3Y Monthly)0.90
PE Ratio (TTM)5.26
EPS (TTM)156.05
Earnings DateN/A
Forward Dividend & Yield26.26 (3.17%)
Ex-Dividend Date2019-06-27
1y Target EstN/A
  • Samsung Gives First Look at Clamshell Design for Folding Phone
    Bloomberg

    Samsung Gives First Look at Clamshell Design for Folding Phone

    Nov.04 -- Samsung teased its next-generation Galaxy Fold design: a mini-clamshell phone that folds in from top to bottom, rather than the sides.

  • Samsung's profits fall by half in third quarter
    Reuters Videos

    Samsung's profits fall by half in third quarter

    Samsung posted a steep earnings plunge on Thursday (October 31) It's third-quarter operating profit dropped by more than half from the year before. That's because the global market for memory chips is in a downturn. Prices are low and chips have been the company's main engine to crank out profit. The new numbers came on Thursday and mark a fourth quarter of sinking profits for Samsung. But in other areas, the company's doing much better. Its mobile business is up 32 percent. Analysts say strong smartphone sales of the Galaxy Note 10 and other models helped keep profits from falling further. That's partly because of U.S. sanctions on Samsung rival Huawei. They mean U.S. companies are effectively banned from supplying the Chinese giant. Experts told Reuters they expect Samsung to be back in the black next year once global sales of next-generation 5G tech shift into high gear. They say that should fuel hunger for chips again and pump up the bottom line.

  • Everything Samsung announced at its Developer Conference
    CNET

    Everything Samsung announced at its Developer Conference

    At Samsung's Developer Conference in San Jose, the company gave us a first look at its One UI 2 mobile phone operating system, a Galaxy Fold compact design and a whole new line of Galaxy notebooks.

  • Reuters

    UPDATE 1-Samsung says to shut down U.S. CPU research division

    Samsung Electronics Co Ltd said on Tuesday it will shut down a CPU research division at one of its U.S. facilities, a move that analysts said dimmed prospects for the tech giant's Exynos-branded mobile chips. Exynos mobile processor chips are considered a hallmark of the South Korean firm's attempts to reduce its reliance on memory chips and increase sales of logic chips that are used to power mobile devices and autonomous vehicles. The decision to shut down the division, which will make some 300 jobs redundant, point to challenges Samsung faces in promoting Exynos chips, analysts said.

  • Benzinga

    Samsung Shuts Down CPU Divisions In US

    Samsung Electronics Co Ltd  is putting up the shutters on the CPU research divisions at its facilities in Austin, Texas, and San Jose, California, Reuters  reported  on Tuesday. What Happened  The division ...

  • Samsung says to shut down U.S. CPU research division
    Reuters

    Samsung says to shut down U.S. CPU research division

    Samsung Electronics Co Ltd said on Tuesday it will shut down a CPU research division at one of its U.S. facilities, a move that analysts said dimmed prospects for the tech giant's Exynos-branded mobile chips. Exynos mobile processor chips are considered a hallmark of the South Korean firm's attempts to reduce its reliance on memory chips and increase sales of logic chips that are used to power mobile devices and autonomous vehicles. The decision to shut down the division, which will make some 300 jobs redundant, point to challenges Samsung faces in promoting Exynos chips, analysts said.

  • Financial Times

    Samsung closes US chip R&D unit

    Samsung Electronics will close the US unit that designs computer processor chips, with the loss of around 300 jobs, after failing to win market share from Qualcomm. The South Korean company has conceded that its Exynos chips, which power its flagship Galaxy smartphones, have struggled to find external customers. While Samsung plans to continue to produce Exynos chips, it will now use designs from ARM rather than its proprietary designs.

  • Samsung’s Q3 Earnings Reflect Mobile Phone Demand
    Market Realist

    Samsung’s Q3 Earnings Reflect Mobile Phone Demand

    Today, Samsung released its September-quarter earnings results, failing to impress investors as much as Apple did with its release yesterday.

  • Benzinga

    Samsung Reports 56% Drop In Q3 Profit

    Samsung Electronics Co., Ltd. reported its profits of the third quarter that ended on Sept. 30 to be $6.7 billion. The reported profit is nearly 56% lower than the profits it grossed in the third-quarter of 2018. The South Korean conglomerate’s numbers slightly exceeded the expectations it had set in its preliminary earnings guidance earlier this month.

  • Samsung Profit Beats on Strength of Smartphones and Displays
    Bloomberg

    Samsung Profit Beats on Strength of Smartphones and Displays

    (Bloomberg) -- Samsung Electronics Co. posted better-than-expected earnings and projected a gradual recovery in the memory chip market in 2020 as fifth-generation wireless technology rolls out globally.Shares in South Korea’s largest company climbed as much as 2% after it posted net income of 6.1 trillion won ($5.2 billion) for the September quarter, surpassing the 5.5 trillion won average of projections. Samsung, which reported a 56% slump in operating profit earlier this month, said it expects memory chip demand to gradually climb out of its funk in the fourth quarter and bounce back next year. The company foresees capital spending of 29 trillion won in 2019, about the same level as it was last year.Memory chip prices have stabilized and risen in part for seasonal reasons and in part because clients are buying to hedge against global macroeconomic uncertainty, said Samsung. Chipmakers such as SK Hynix Inc. have recently said the industry is bottoming out and is now on the verge of an upturn thanks to the adoption of new technologies such as fifth-generation networking.“We are seeing an improvement in the chip industry,” Kim Woon-ho, an analyst at IBK Securities Co., said in an Oct. 22 note. “It is expected that the DRAM prices will start to recover in the third quarter of 2020. We project a big jump in demand for server chips, while Fold models will become a new factor.”What Bloomberg Intelligence SaysSamsung’s semiconductor profit will likely keep falling through early next year, despite optimism surrounding an upturn in the memory cycle.\--Anthea Lai, TMT analyst. Click here for the research.Samsung’s smartphone business, which has weathered a series of setbacks in recent years, remained strong in the quarter, accruing 85 million unit sales in the third quarter. The recent Galaxy Note 10 flagship exceeded the sales of the previous year’s Note in the same period by “double digits,” according to the company, however Samsung is forecasting profitability of its mobile business will decline in the current quarter as it’ll need to ramp up marketing to prop up demand.The troubles faced by rival Huawei Technologies Co. in international markets have helped bolster Samsung’s mobile sales, with Counterpoint Research indicating that Samsung is absorbing Android users in major European countries, South America and the Middle East.Apple Inc.’s in-demand iPhone 11 is revitalizing demand for the Korean company’s most advanced displays. Samsung notes a “sustained drop in average selling price and demand for TV panels,” however its smaller smartphone displays are keeping that division buoyant and the company predicts robust demand as consumers look to upgrade their devices. 5G networking will help drive an upgrade cycle, says Samsung, and the rapid move to 5G in its home market has already contributed to its bottom line.Samsung’s Stock Is Signaling a Bottom for the Global Chip MarketSamsung shares have risen more than 30% this year, while the benchmark KOSPI has inched up 2%.(Updates with details from earnings call from second paragraph.)To contact the reporter on this story: Sohee Kim in Seoul at skim847@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Vlad Savov, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 3-Samsung flags smartphone profit fall, upbeat on chips

    Samsung Electronics warned of a smaller mobile business profit on Thursday as its rival Apple gave a positive iPhone sales outlook, dampening hopes new models will help the world's largest smartphone vendor finally get back on a growth track. Investors have pinned their hopes on a recovery in the mobile business that once made up over half of Samsung's profit, as its chip operation remains in the doldrums due to over-supply and weak global demand. Strong sales of the Galaxy Note 10 smartphone helped the South Korean firm report its best mobile business profit in six quarters in the three months ended in September, as it recovers from a battery explosion scandal in late 2016 that hurt sales.

  • Samsung flags smartphone profit fall, upbeat on chips
    Reuters

    Samsung flags smartphone profit fall, upbeat on chips

    Samsung Electronics warned of a smaller mobile business profit on Thursday as its rival Apple gave a positive iPhone sales outlook, dampening hopes new models will help the world's largest smartphone vendor finally get back on a growth track. Investors have pinned their hopes on a recovery in the mobile business that once made up over half of Samsung's profit, as its chip operation remains in the doldrums due to over-supply and weak global demand. Strong sales of the Galaxy Note 10 smartphone helped the South Korean firm report its best mobile business profit in six quarters in the three months ended in September, as it recovers from a battery explosion scandal in late 2016 that hurt sales.

  • Benzinga

    Samsung Integrates TRON Cryptocurrency To Its Blockchain Keystore

    This integration will allow developers to build decentralized apps, also known as “DApps,” with the TRON blockchain platform for Samsung users. The users will also be able to access and trade the TRON cryptocurrency right from the wallet on a Samsung phone.

  • Samsung Elec shows off new design for square-folding phone
    Reuters

    Samsung Elec shows off new design for square-folding phone

    Samsung Electronics Co Ltd has unveiled a new design for a smartphone that folds into a square, racing ahead in folding devices after it launched its first model in September. The South Korean tech giant teased https://youtu.be/AZDl_SP-w9E the new concept on Tuesday at the Samsung Developer Conference 2019 in the United States. "The amazing thing with the foldable technology is that it can also become more compact like this," said Sally Hyesoon Jeong, head of Framework R&D Group at Samsung's mobile communications, showing the mock-up on a screen behind her.

  • In South Korea's dangerous shipyards, subcontracted workers are most at risk
    Reuters

    In South Korea's dangerous shipyards, subcontracted workers are most at risk

    Park Chol-hee was working the holiday shift at Samsung Heavy Industries' Geoje shipyard on Labour Day, 2017, when a giant crane collided with another and crashed to ground, killing six people, including Park's younger brother. All six killed and 25 workers who were injured were subcontractors, who receive lower pay, fewer employment protections and less training compared to full-time employees. Samsung and other big Korean conglomerates acknowledge they rely increasingly heavily on subcontractors and temporary workers to cut costs and increase labor flexibility, but they bear little responsibility for workplace accidents, according to interviews with about two dozen workers, subcontractor executives and experts.

  • Tron (TRX) rises 7 percent on Samsung Blockchain Keystore support
    Decrypt

    Tron (TRX) rises 7 percent on Samsung Blockchain Keystore support

    Tron completes an impressive 4-day and 40 percent rally, ever since Tron CEO Justin Sun gave his customary pre-announcement of today's news last week.

  • Samsung Galaxy phones to support Tron via Blockchain Keystore app
    Decrypt

    Samsung Galaxy phones to support Tron via Blockchain Keystore app

    It turns out the “$100 billion megacorporation” was Samsung after all.

  • Correlation between Samsung, Apple, and Semis
    Market Realist

    Correlation between Samsung, Apple, and Semis

    Apple and Samsung plan to release their earnings on October 30 and 31, respectively. YoY, Apple expects flat revenue, and Samsung expects a 5.3% decline.

  • Leading Fund Prefers Samsung to ASML as Asian Stocks Grow Cheap
    Bloomberg

    Leading Fund Prefers Samsung to ASML as Asian Stocks Grow Cheap

    (Bloomberg) -- A global equity fund manager has pared his stakes in expensive western stocks such as ASML Holding NV and now favors cheaper Asian shares including Samsung Electronics Co.The Dutch semiconductor equipment maker is a “super nice company” but was looking too pricey, said Klaus Ingemann, a portfolio manager at AllianceBernstein LP. Instead, he’s particularly bullish on Samsung, for which he sees further equity gains despite lingering concerns over stagnant DRAM chip prices.“We reduced our most expensive growth stocks,” the Ingemann said from Copenhagen. His main fund, which has assets of about $2 billion, has beaten 94% of peers over the past five years. “We have Microsoft a little in the portfolio, but some the higher-growth names in the U.S. were just too expensive. So we tried to be a little bit conservative.”Lately, Ingemann has been looking at cheaper companies in Asian nations like Japan, South Korea and Singapore. He favors a “neutral” strategy, balanced with value and growth shares with large to small market value across various sectors and regions.Shares of Samsung, South Korea’s most-valuable company, have rallied 33% this year on hopes for a recovery in global memory makers. And yet, it’s still trading at about 13 times estimated earnings for the next year, compared with 29 times for ASML.Samsung reported quarterly earnings that beat analyst estimates earlier this month and will release its detailed results Thursday.“Probably the demand is coming back in mid-next year,” Ingemann said. He expects a new smartphone cycle, 5G and re-acceleration of capital investment in cloud operations by Google and Amazon.com Inc. to be a boost. But that’s not all, he added. “There’s something interesting going on, as we see more cameras in self-driving, which will need more memory too.”To contact the reporter on this story: Heejin Kim in Seoul at hkim579@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Kurt Schussler, Cecile VannucciFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.