Leveraged Samsung ETF Tumbles Over 10% as Third-Quarter Net Profit Misses Forecasts

Stock News10-29 09:38

According to reports, the CSOP Samsung Electronics 2x Daily Leveraged Product (07747) fell nearly 4%, and as of the time of writing was down 10.25% at HK$53.4, with a turnover of HK$62.998 million.

On the news front, Samsung Electronics Co., Ltd. opened higher in the South Korean market this morning before plunging. The company's latest results show third-quarter sales of 195.25 trillion won and operating profit of 107.44 trillion won; net profit came in at 75.21 trillion won, missing the estimate of 89.06 trillion won. Samsung's third-quarter chip operating profit was 106.5 trillion won, against an expectation of 108.45 trillion won. Samsung will announce its shareholder return plan by the end of January 2027. Kang DaeKwun, chief executive of Life Asset Management, said: "Samsung has once again fallen behind SK Hynix. Its decision to delay announcing specific shareholder return measures highlights the importance of more active shareholder participation in supporting better corporate decision-making and creating long-term value."

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