

By Joyce Lee
SEOUL (Reuters) - Samsung Electronics (OTC:SSNLF) Co Ltd's quarterly profit will likely plunge 58% to its lowest in six years as a global economic downturn saps demand for electronic devices and clouds the outlook for the memory chip industry.
With consumers and businesses reducing spending and investment in the face of high inflation and climbing interest rates, smartphone makers and other clients held back memory chip orders, while smartphones sold for less as demand suffered, analysts said.
Samsung (KS:005930), as the world's biggest maker of memory chips, smartphones and TVs, is a bellwether for global consumption trends. It is expected to announce preliminary results on Friday and full results later this month.
Operating profit for Asia's fourth most valuable listed company likely fell to 5.9 trillion won ($4.62 billion) in the October-December quarter, according to a Refinitiv SmartEstimate from 21 analysts.
That would be Samsung's lowest quarterly profit since the third quarter of 2016 and compares with an operating profit of 13.87 trillion won a year earlier.
"The main reason for the performance... is a sharp drop in demand. Both shipments and prices of chips and smartphones are expected to fall short of previous expectations," said Kim Roko, analyst at Hana Financial Investment.
SmartEstimates are weighted toward forecasts from analysts who are more consistently accurate.
Operating profit for Samsung's chip business likely tumbled by 78% to 1.9 trillion won, an average of seven analyst estimates showed.
Chips usually account for about half of the tech giant's profits.
Prices of some DRAM memory chips, widely used in smartphones and PCs, plunged 40% over the year, while prices for NAND flash chips, used in data storage, fell 14%, according to TrendForce data.
Memory chip rivals SK Hynix and Micron Technology (NASDAQ:MU) have sharply cut planned 2023 investments in response to the memory downcycle, which is expected to last at least until the second half of 2023.
However, Samsung is expected to use its deep pockets during this downturn to expand market share by largely maintaining its investment plans, analysts said, so it can be in place to take advantage when the memory chip market eventually rebounds.
Samsung said in October that it did not expect much change to its 2023 investments. It had about 128.82 trillion won ($100.83 billion) in cash as of end-September.
Samsung's mobile business is also expected to see profits shrink, with forecasts calling for a 14% fall to 2.3 trillion won for the quarter.
Its handset shipments likely reached 63 million in the quarter, including 62 million smartphones, according to data provider Counterpoint's estimate. That compares with 72 million handsets shipped in the fourth quarter of 2021.
Samsung shares fell about 29% in 2022 before rebounding this week as South Korea announced planned tax breaks for semiconductor investments. That compared with a 36% slump for the Philadelphia Semiconductor index last year.
($1 = 1,277.6400 won)
EUR/USD
1.0896
-0.0014 (-0.13%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (2)
EUR/USD
1.0896
-0.0014 (-0.13%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (2)
GBP/USD
1.2218
-0.0006 (-0.04%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (1)
Sell (4)
USD/JPY
128.60
-0.06 (-0.04%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (3)
Sell (2)
AUD/USD
0.7066
-0.0010 (-0.15%)
Summary
BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (5)
Sell (2)
USD/CAD
1.3325
+0.0009 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (1)
EUR/JPY
140.13
-0.23 (-0.17%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (0)
EUR/CHF
0.9959
-0.0001 (-0.01%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (0)
Gold Futures
1,929.15
-1.65 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
Silver Futures
23.560
-0.055 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
Copper Futures
4.1167
+0.0302 (+0.74%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (7)
Sell (1)
Crude Oil WTI Futures
75.67
-0.21 (-0.28%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
Brent Oil Futures
82.02
-0.15 (-0.18%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (9)
Sell (0)
Natural Gas Futures
2.428
-0.028 (-1.14%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (8)
US Coffee C Futures
178.38
+2.48 (+1.41%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
Euro Stoxx 50
4,241.12
+69.68 (+1.67%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (3)
S&P 500
4,179.76
+60.55 (+1.47%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
DAX
15,509.19
+328.45 (+2.16%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (3)
Sell (2)
FTSE 100
7,820.16
+59.05 (+0.76%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (2)
Hang Seng
21,616.00
-342.36 (-1.56%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (6)
Sell (1)
US Small Cap 2000
2,001.22
+40.41 (+2.06%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (11)
Sell (0)
IBEX 35
9,229.70
+131.60 (+1.45%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (2)
Sell (8)
BASF SE NA O.N.
53.840
+1.100 (+2.09%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (0)
Bayer AG NA
56.80
+0.30 (+0.53%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (0)
Allianz SE VNA O.N.
221.70
+0.70 (+0.32%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (10)
Sell (0)
Adidas AG
157.92
+10.34 (+7.01%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (8)
Sell (1)
Deutsche Lufthansa AG
9.893
+0.214 (+2.21%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (2)
Sell (8)
Siemens AG Class N
143.72
+0.72 (+0.50%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Deutsche Bank AG
11.456
-0.794 (-6.48%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (3)
EUR/USD | 1.0896 | Buy | |||
GBP/USD | 1.2218 | Neutral | |||
USD/JPY | 128.60 | ↑ Buy | |||
AUD/USD | 0.7066 | Buy | |||
USD/CAD | 1.3325 | ↑ Buy | |||
EUR/JPY | 140.13 | ↑ Buy | |||
EUR/CHF | 0.9959 | Buy |
Gold | 1,929.15 | ↑ Buy | |||
Silver | 23.560 | ↑ Buy | |||
Copper | 4.1167 | ↑ Buy | |||
Crude Oil WTI | 75.67 | ↑ Buy | |||
Brent Oil | 82.02 | ↑ Buy | |||
Natural Gas | 2.428 | ↑ Sell | |||
US Coffee C | 178.38 | ↑ Buy |
Euro Stoxx 50 | 4,241.12 | Neutral | |||
S&P 500 | 4,179.76 | ↑ Buy | |||
DAX | 15,509.19 | Buy | |||
FTSE 100 | 7,820.16 | ↑ Buy | |||
Hang Seng | 21,616.00 | ↑ Buy | |||
Small Cap 2000 | 2,001.22 | ↑ Buy | |||
IBEX 35 | 9,229.70 | ↑ Sell |
BASF | 53.840 | ↑ Buy | |||
Bayer | 56.80 | ↑ Buy | |||
Allianz | 221.70 | ↑ Buy | |||
Adidas | 157.92 | ↑ Buy | |||
Lufthansa | 9.893 | ↑ Sell | |||
Siemens AG | 143.72 | ↑ Buy | |||
Deutsche Bank AG | 11.456 | Neutral |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,680![]() ![]() (-30 ![]() ![]() |
SJC HCM | 6,680![]() ![]() (-20 ![]() ![]() |
SJC Hanoi | 6,680![]() ![]() (-20 ![]() ![]() |
SJC Danang | 6,680![]() ![]() (-20 ![]() ![]() |
SJC Nhatrang | 6,680![]() ![]() (-20 ![]() ![]() |
SJC Cantho | 6,680![]() ![]() (-20 ![]() ![]() |
Cập nhật 03-02-2023 13:05:31 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,915.61 | +0.5 | 0.03% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 24.000 | 24.480 |
RON 95-III | 23.140 | 23.600 |
E5 RON 92-II | 22.320 | 22.760 |
DO 0.05S | 22.520 | 22.970 |
DO 0,001S-V | 24.280 | 24.760 |
Dầu hỏa 2-K | 22.570 | 23.020 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $75.87 | +0.31 | 0.40% |
Brent | $81.99 | +0.21 | 0.25% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.250,00 | 23.620,00 |
EUR | 24.892,64 | 26.286,54 |
GBP | 27.897,12 | 29.086,72 |
JPY | 177,36 | 187,76 |
KRW | 16,54 | 20,16 |
Cập nhật lúc 13:02:07 03/02/2023 Xem bảng tỷ giá hối đoái |