On October 8, CSOP Samsung Electronics Daily (2x) Leveraged Product fell 5.02% in regular trading, trading at 74.18 HKD with turnover of 347 million HKD. The drop came after Samsung Electronics released preliminary third-quarter results that fell short of market expectations.
Samsung Electronics reported estimated third-quarter operating profit of 107.40 trillion won, up 783% year-over-year but below the analyst consensus of 108.67 trillion won. Estimated sales came in at 195 trillion won, up 127% year-over-year but below the expected 201.9 trillion won. The weaker-than-expected results weighed on leveraged semiconductor ETFs across the region. Samsung Electronics is scheduled to release full detailed results and host an earnings call on October 29.
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(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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