eseoulpost
BusinessWorld Business
Samsung Electronics ranks 18th worldwide in market cap
min  |  min
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2020.01.13  
트위터 페이스북 미투데이 요즘 네이버 구글 msn
   
 

SEOUL, Jan. 12 (Yonhap) -- Samsung Electronics Co., the world's largest memory chipmaker, saw its market cap vault 10 notches over the past year to rank 18th worldwide, as the South Korean tech giant has continued to build up gains on a rosy earnings outlook, data showed Sunday.

Samsung's market cap reached US$301.65 billion as of Thursday, up $95.08 billion from Jan. 2, 2019, according to the data compiled by Bloomberg.

Over the cited period, Samsung, also the world's largest smartphone maker, rallied 51 percent to close at 58,600 won Thursday. On Friday, the tech giant reached a fresh all-time high of 59,500 won.

Foreign investors have scooped up Samsung shares by snatching up a net 627 billion won this month to Friday, betting that the tech firm's earnings will improve down the road.

The median target price for Samsung was put at 67,900 won as of Friday.

In its earnings guidance last week, Samsung Electronics delivered estimate-beating fourth-quarter earnings on a slight recovery in chip prices, although it suffered its worst performance in four years in 2019 due to a prolonged slump in the chipmaking sector.

Samsung estimated its fourth-quarter operating income at 7.1 trillion won (US$6.1 billion), down 34.26 percent from a year earlier, but the reading was well above the median market estimate of 6.5 trillion won, as chip prices bottomed out and its smartphones drew better-than-expected market response.

The Korean tech giant expected its fourth-quarter sales at 59 trillion won in the three-month period, down 0.5 percent on-year. The fourth-quarter sales estimate stood at 60.5 trillion won on average.

For all of 2019, Samsung predicted its operating profit at 27.71 trillion won, marking a 52.9 percent on-year drop and the lowest since 2015, when the comparable figure was 26.4 trillion won.

Full-year sales are expected to reach 229.52 trillion won, a 5.8 percent fall from 2018, the tech giant said. It is the lowest level since 2016, when the comparable figure was 201.8 trillion won.

Samsung Electronics did not break down performances of its respective business divisions, saying it will announce the detailed earnings later this month.

Samsung, also the world's largest smartphone market, has posted sluggish earnings since late 2018 due to a supply glut of chip products, following a two-year memory chip boom.

However, the tech firm is widely expected to see improved earnings this year on the back of a recovery in chip prices and eased supply glut.

"The chipmaking business will lead an overall improvement in earnings," said Kim Dong-won, an analyst at KB Securities. The analyst set the target price for Samsung at 70,000 won, up from the previous 63,000 won, expecting Samsung's operating income to rise 50 percent to 41.4 trillion won for the year.

Meanwhile, Samsung Electronics Chairman Lee Kun-hee saw the value of his holdings of Samsung Electronics stocks rise to 14.86 trillion won as of Friday, up 2.29 trillion won, or 18.29 percent, from the end of November. The bedridden business tycoon holds a 4.18 percent stake in Samsung.

Over the cited period, Samsung Electronics surged 18.85 percent, driven by a foreign buying binge.

The country's state pension fund, the National Pension Service, also enjoyed a 18.59 percent rise in the value of its Samsung stocks over the cited period to 38.43 trillion won. The rise was in part because of the No. 1 institutional investor's increased stake in the tech behemoth.

It jacked up its stake to 9.55 percent during the fourth quarter of last year from the previous 9.14 percent.

 

< 저작권자 © eseoulpost 무단전재 및 재배포금지 >
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
Most Read
1
Pompeo calls for collective efforts to safeguard Strait of Hormuz: Seoul official
2
Moon says no letup in 'peaceful Korea' bid based on alliance with U.S.
3
WiSER Forum highlights role of digitalisation in female empowerment
4
W MOTORS / DUBAI SILICON OASIS / INFRASTRUCTURE
5
UAE to save AED11 billion through Blockchain implementation, whitepaper reveals
6
Khalid bin Mohamed bin Zayed attends launch of Abu Dhabi Climate Initiative
7
S. Korea's options on Hormuz strait appear shortlisted
8
Masdar City to inaugurate new Central Park community attraction during expanded edition of ADSW’s The Festival
9
UN's Bachelet condemns continued killings, displacements in Syria
10
Abdullah bin Zayed receives President of French Constitutional Council
Photo News Green Biz
Environmentally Distinctive House initiative launched
Environmentally Distinctive House ...
min
Masdar to bring solar power to 'off-grid' communities around the world
Masdar to bring solar power to 'of...
min
ADNOC ranked amongst five lowest GHG emitters in oil and gas industry
ADNOC ranked amongst five lowest G...
min
World Green Economy Summit 2018 concludes
World Green Economy Summit 2018 co...
min
Restoration of nature requires actions of many :Al Zeyoudi
Restoration of nature requires act...
min
Photo News Sports
Over 20,000 athletes to participate in Zayed Marathon, in Suez, Egypt
Over 20,000 athletes to participat...
min
Tactically astute display gives UAE's Faisal Al Ketbi gold at World Jiu-Jitsu Championship
Tactically astute display gives UA...
min
Tactically astute display gives UAE's Faisal Al Ketbi gold at World Jiu-Jitsu Championship
Tactically astute display gives UA...
min
UAE bags 20 medals in GCC Women’s Games
UAE bags 20 medals in GCC Women’s ...
min
Bizarre buildup, then odd finish to 'Korean Derby' in World Cup qualification
Bizarre buildup, then odd finish t...
min
Jiu-Jitsu Tolerance Championship opens in AL Ain
Jiu-Jitsu Tolerance Championship o...
min
Mohamed bin Zayed receives Khabib Nurmagomedov, congratulates him on winning UFC in Abu Dhabi
Mohamed bin Zayed receives Khabib ...
min
Heated start for President’s Jiu-Jitsu Cup Championship
Heated start for President’s Jiu-J...
min
Photo News World
Over 20,000 athletes to participate in Zayed Marathon, in Suez, Egypt
Over 20,000 athletes to participat...
min
Tactically astute display gives UAE's Faisal Al Ketbi gold at World Jiu-Jitsu Championship
Tactically astute display gives UA...
min
Tactically astute display gives UAE's Faisal Al Ketbi gold at World Jiu-Jitsu Championship
Tactically astute display gives UA...
min
UAE bags 20 medals in GCC Women’s Games
UAE bags 20 medals in GCC Women’s ...
min
Bizarre buildup, then odd finish to 'Korean Derby' in World Cup qualification
Bizarre buildup, then odd finish t...
min
Jiu-Jitsu Tolerance Championship opens in AL Ain
Jiu-Jitsu Tolerance Championship o...
min
Mohamed bin Zayed receives Khabib Nurmagomedov, congratulates him on winning UFC in Abu Dhabi
Mohamed bin Zayed receives Khabib ...
min
Heated start for President’s Jiu-Jitsu Cup Championship
Heated start for President’s Jiu-J...
min
Photo News Opinion
S. Korea's exports largely unaffected by Mideast tension
S. Korea's exports largely unaffec...
min
Samsung beats Q4 earnings estimate, set for better performance in 2020
Samsung beats Q4 earnings estimate...
min
S. Korea ready to take steps over Mideast tension: finance minister
S. Korea ready to take steps over ...
min
Moon orders speedy work to create special anti-corruption investigation unit
Moon orders speedy work to create ...
min
Moon urges inter-Korean efforts to realize Kim Jong-un visit to S. Korea
Moon urges inter-Korean efforts to...
min
Debt of households, self-employed estimated to exceed 2,000 tln won
Debt of households, self-employed ...
min
New year ushers in many changes in immigrant, labor, welfare, education sectors
New year ushers in many changes in...
min
Moon cites prosecution reform, fair society as top policy agenda in 2020
Moon cites prosecution reform, fai...
min
Newspaper AboutNews ReportAdvertiseComplaintsPrivacy PolicyJuvenile protectionRejection of E-mail Collection
Gangnam-gu, Teheran 52 street in Tehran Bldg, 616(Yeoksam-dong)  |  Main Phone: 02) 563-0604  |  Fax: 02) 538-5665
Chairman : jeong-woo Lee  |  Advisor : byung-il Min  |  Publisher: jae-mo Kah  |  Editors: il-hong Kim
Registration Number 1928 Seoul ah  |  eseoulpost.com / eseoulpost.net / Global Korea.,Ltd
Copyright © 2011 eseoulpost. All rights reserved. mail to jaemokah@daum.com , kih10kr@empas.com/ www.globalkorea.info
arabafrica.net / UAE Interract / Emirtes News Agency(WAM)/ http://wam.org.ae / www.uaeinteract.com