BC94.L - Samsung Electronics Co., Ltd.

LSE - LSE Delayed price. Currency in USD
1,107.30
-4.90 (-0.44%)
At close: 5:36PM GMT
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Previous close1,112.20
Open1,101.00
Bid0.00 x 0
Ask0.00 x 0
Day's range1,101.00 - 1,107.30
52-week range1,101.00 - 1,107.30
Volume12,020
Avg. volumeN/A
Market cap301.384B
Beta (3Y monthly)0.90
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
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 will fix bug that lets any fingerprint unlock a Galaxy S10
    Engadget

    Samsung will fix bug that lets any fingerprint unlock a Galaxy S10

    Owners have been complaining about the phone's fingerprint reader since day one.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

    Samsung Electronics 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 labour flexibility, but they bear little responsibility for workplace accidents, according to interviews with about two dozen workers, subcontractor executives and experts.

  • 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.

  • Sky News

    Samsung satellite crash-lands near rural US house

    The Space Selfie device, which the company said aimed to capture images "using a unique view of planet earth as the backdrop," was found by Nancy Mumby-Welke and her husband on Saturday morning after they heard a loud crash on their property in Gratiot County, Michigan. Samsung confirmed in a statement that the device "came back down to earth," but described its descent as an "early soft landing in a selected rural area" that was "planned" because of US weather conditions. "No injuries occurred and the balloon was subsequently retrieved," Samsung said.

  • 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.

  • Judge asks Samsung heir to be humble at bribery trial
    Reuters

    Judge asks Samsung heir to be humble at bribery trial

    A South Korean judge overseeing Samsung Group heir Jay Y. Lee's bribery trial told him on Friday to "humbly accept" whatever the outcome of the trial, which could result in a tougher sentence for the conglomerate's de-facto leader. Lee, whose Korean name is Lee Jae-yong, attended the first hearing of a bribery trial at Seoul High Court after South Korea's top court ordered a review of his 2017 graft case. The Supreme Court overturned in August part of an appeals court bribery conviction against the third-generation Samsung leader, who was given a two-and-a-half-year suspended sentence for seeking favors from former president Park Geun-hye.

  • South Korea to start Samsung heir Lee's bribery trial on Friday
    Reuters

    South Korea to start Samsung heir Lee's bribery trial on Friday

    A bribery trial involving the heir of South Korea's Samsung Group will start on Friday after the country's top court ruled earlier this year that the case should be reviewed by a lower court, raising the possibility of a tougher sentence. The Supreme Court overturned in August part of an appeals court bribery conviction against Samsung's de facto chief Jay Y. Lee, who had been given a two-and-a-half-year suspended sentence for seeking favour from South Korea's former president Park Geun-hye. The court said the interpretation by the Seoul High Court on what constituted bribes by Samsung to Park was too narrow.

  • Samsung updates software to fix fingerprint recognition problem
    Reuters

    Samsung updates software to fix fingerprint recognition problem

    Samsung Electronics Co Ltd has updated software to fix problems with fingerprint recognition features on its flagship Galaxy S10 and Note 10 smartphones, it said on Wednesday. Samsung issued an apology via its customer support app Samsung Members and told its Galaxy phone users to update their biometric authentication to the latest software version. A British user told The Sun newspaper that a bug on her Galaxy S10 allowed it to be unlocked regardless of the biometric data registered in the device.

  • Samsung, UAE funds lead $55 million investment in quantum computing startup
    Reuters

    Samsung, UAE funds lead $55 million investment in quantum computing startup

    With the investments from Samsung Catalyst Fund and Mubadala Capital, Maryland-based IonQ said its total funds raised to date reached $77 million. Researchers believe quantum computers could operate millions of times faster than today's advanced supercomputers, making potential tasks ranging from mapping complex molecular structures and chemical reactions to boosting the power of artificial intelligence possible. Alphabet Inc's Google, International Business Machines Corp and Microsoft Corp have all either made investments or launched research projects around quantum computing.

  • Global Tech Fund Manager Bets on Samsung Over Apple and Alphabet
    Bloomberg

    Global Tech Fund Manager Bets on Samsung Over Apple and Alphabet

    (Bloomberg) -- A top-performing global technology fund manager has raised bets on Samsung Electronics Co., making the stock the number one holding in his portfolio, ahead of Apple Inc. or Alphabet Inc.Hyunho Sohn, portfolio manager at FIL Investment Management whose Fidelity Global Technology fund runs about $4.8 billion of assets, said he has been adding positions in the world’s largest memory-chip maker since late 2018. He interpreted the sharp plunge in Samsung’s share price toward the end of that year as an opportunity, and he believes in the long-term growth of the tech giant.“If you ask me why I bought the stock, while the chip cycle was experiencing a downturn, I’d say I have faith in its fundamentals from a long-term perspective,” Sohn said in a telephone interview from London. “Samsung is a typical example of my strategy, which is buying an undervalued stock that the market participants hate temporarily.”Read about Bloomberg Intelligence’s take on the global chip sector hereHis fund, which holds about 60 global technology stocks, has beaten 98% of its peers with an annualized return of about 20% over the past five years, according to Bloomberg-compiled data. The fund’s top five holdings also include Alphabet, Apple, Intel Corp., and Microsoft Corp.The potential growth in demand for memory chips is apparent in the growing needs of cloud storage and service providers alongside the artificial intelligence industry that needs data storage, he said, adding he is also watching the development of 5G networks, which may drive demand for memory chips. Compared with global tech stocks, valuations of Samsung are “still attractive,” he added.Read more: Samsung’s Stock Is Signaling a Bottom for the Global Chip MarketAlthough Samsung’s forward price-to-earnings ratio of 12.6 times is not cheap compared with its historical average, it still lags Micron Technology Inc.’s 14.7 times and Taiwan Semiconductor Manufacturing Company’s 18.6. On forward price-to-book terms, Samsung is trading at 1.2 times, lower than almost all of its peers.Shares of Samsung have risen about 30% this year as overseas investors bought net 4.3 trillion won ($3.6 billion) of shares, the most sought-after stock on Korea’s KOSPI benchmark this year.Read more: TSMC’s $15 Billion Splurge Galvanizes Hope of 5G-Led ReboundTo be sure, it’s not all rosy for the memory chip sector. Micron, the third-largest player in the industry, released disappointing sales forecasts last month. And Samsung’s third-quarter preliminary earnings guidance announced earlier this month is less than half of its operating profits a year earlier. Chip prices have also been mixed. Contract prices for 32-gigabyte DRAM server modules fell 13.8% in the third quarter from the previous three-month period, while those for 128-gigabit MLC NAND flash memory chips rose 12.3%, according to inSpectrum Tech Inc.“I know we don’t see clear signs of recovery in the memory chip industry yet,” Sohn said. “But for me, based on valuations, long-term growth potential, and balance sheet metrics like free cash flow, Samsung is a stock that I am comfortable with having large positions in. I still see an upside for the stock.”(Adds Sohn’s comment on 5G in paragraph after the first chart)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, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The Independent

    Samsung phones can be unlocked with any fingerprint

    Anyone's fingerprint can unlock the Samsung Galaxy S10, the company has confirmed.As with other recent phones, all of the sensitive information on the Samsung phone is protected by a fingerprint sensor, which is intended to ensure that only the owner can unlock the phone.

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