Samsung Profit Tops Estimates on Strong Memory Chip Prices

Bloomberg2021-07-29

Samsung Electronics Co.’s profit for the second quarter beat analyst estimates thanks to rising memory prices and the recovery of its Austin chip foundry. South Korea’s largest company posted net ...

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SSVC
·2021-07-29
Cool Appreciate your response and comments Thanks
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acyl6594
·2021-07-29
Good
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CL_Wong
·2021-07-29
Great!
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kevinlaisq
·2021-07-29
Like pls
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- Cyn198:
  Done
  2021-07-29
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TTT8
·2021-07-29
Gogo!
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Shinling
·2021-07-29
Great
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Melchang
·2021-07-29
Wow that’s good to know
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Xxxtaengxx
·2021-07-29
Ok
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- Xxxtaengxx:
  Ok
  2021-07-29
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MengYang
·2021-07-29
Samsung is good and smartphone and tv
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They had dropped just more than 2% this year through Wednesday.\nSemiconductor shares have underperformed the KOSPI index as expectations about a “supercycle” turned to disappointment, said MS Hwang, analyst at Samsung Securities, citing a rise in chip production and concern over the sustainability of pandemic-induced demand. Samsung Electronics’s share price typically reflects the outlook for the memory market at least 6 to 12 months into the future, analysts said.\n“In the near term, chip prices may lose some momentum and even trend lower but such concerns are already reflected in the market. We believe buying pressure will build in the not too distant future,” Hwang said.\nCrosstown rival SK Hynix Inc. reported strong earnings for the second quarter earlier this week and projected the favorable market conditions to continue beyond the second half of this year. 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Multiple local media outlets reported President Moon Jae-in is considering granting a special pardon for Lee, while the Ministry of Justice is reviewing the possibility of a parole. 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that’s good to know&nbsp;","listText":"Wow that’s good to know&nbsp;","text":"Wow that’s good to 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