Samsung Electronics Co., Ltd. (SSNLF) - Grey Market
  • Thu, Apr. 28, 3:46 AM
    • Samsung Electronics' (OTC:SSNLF) Q1 operating profit grew 12% to 6.68T Korean won ($5.84B) and its revenue 5.6% to 49.8T won as the company benefited from the early release of its flagship Galaxy S7 smartphones.
    • Operating profit at Samsung's mobile unit grew to 3.89T won from 2.74T won a year earlier, and the company expects the unit to continue growing this year, along with its home-appliance and TV businesses.
    • However, analysts are still wondering whether the smartphone market has run out of steam, with Fitch saying that the recovery in Samsung's handset division is likely to be short lived.
    • Shares closed -2.7% in Seoul. PR
    | Thu, Apr. 28, 3:46 AM
  • Thu, Apr. 7, 2:13 AM
    • Samsung Electronics (OTC:SSNLF) performed better than expected at the beginning of what it has said will be a tough year, pointing to strong sales of its new Galaxy S7 smartphones and operating income that likely increased 10.4% to 6.6T won ($5.7B).
    • While it will disclose full earnings details later this month, Samsung's outlook raises hopes its struggling mobile business is on track to post its first annual profit gain in three years.
    | Thu, Apr. 7, 2:13 AM | 5 Comments
  • Thu, Jan. 28, 2:02 AM
    • Samsung Electronics's (OTC:SSNLF) fourth-quarter earnings displayed a sharp slowdown in profit growth from chips, signaling challenges ahead as the tech giant continues to grapple with weak smartphone sales.
    • Net profit in the December quarter fell 40% to 3.2T Korean won ($2.7B), short of market expectations due to non-operating expenses.
    • Samsung also warned of a "difficult business environment" and "weaker IT demand," joining Apple in foretelling a downbeat 2016 for the technology sector.
    | Thu, Jan. 28, 2:02 AM | 9 Comments
  • Thu, Jan. 7, 7:08 PM
    • Samsung Electronics (OTC:SSNLF) expects to report a Q4 op. profit of KRW6.1T ($5.1B), up 15% Y/Y but below a consensus of KRW6.6T. Sales are expected to to total KRW53T ($44B), slightly below a KRW53.8T consensus.
    • Weak smartphone and TV demand have been weighing on the Korean IT/electronics giant, as have soft DRAM prices. Samsung's official Q4 numbers will arrive later in January.
    | Thu, Jan. 7, 7:08 PM | 2 Comments
  • Oct. 29, 2015, 2:10 AM
    • Following a better-than-expected third-quarter earnings report, Samsung Electronics (OTC:SSNLF) said it plans to buy back and cancel 11.3T won ($9.9B) of its stock over the next year in order to boost shareholder value.
    • The tech giant's operating profit jumped 82% to 7.4% won ($6.5B) during the quarter, its first on-year profit growth in two years, boosted by a recovery at its mobile division and strong semiconductor sales.
    | Oct. 29, 2015, 2:10 AM
  • Oct. 7, 2015, 2:37 AM
    • Samsung Electronics (OTC:SSNLF) shares surged the most in more than two years today after the tech giants's Q3 guidance blew past expectations, suggesting the company is getting back on track after a number of weak quarters.
    • Samsung estimated its operating income rose 79.8% on year to 7.3T won ($6.29 B), as a renewed reliance on its semiconductor business offset weak performance at its smartphone division.
    • Samsung Electronics +8.7% to 1.251M won.
    | Oct. 7, 2015, 2:37 AM | 6 Comments
  • Jul. 30, 2015, 2:43 AM
    • Samsung Electronics (OTC:SSNLF) warned of "mounting challenges" ahead as the company's once-highflying mobile unit again dragged on its quarterly results.
    • With poor Galaxy S6 sales and a dramatic loss of Chinese market share, operating profit at Samsung's mobile division slid 38% to 2.76T won ($2.4B). Overall operating profit dropped 4% to 6.9T won ($5.93B).
    • The company is now looking to "flexibly adjust" the price of the S6, introduce a new premium model with a larger screen and develop a fresh range of mid-to-low end devices.
    | Jul. 30, 2015, 2:43 AM | 7 Comments
  • Jul. 7, 2015, 2:08 AM
    • Plagued by a supply shortage and tepid demand, Samsung Electronics (OTC:SSNLF) is anticipating a seventh straight quarter of profit declines, reinforcing worries that Galaxy S6 sales fell short of expectations.
    • Operating profit for the second quarter likely fell 4% from a year earlier to 6.9T won ($6.1B), while revenue for the period likely dropped 8.3% to 48T won.
    • The declines come amid robust growth in Samsung's semiconductor operations, leaving most of the blame on the the company's once-highflying mobile division.
    | Jul. 7, 2015, 2:08 AM | 10 Comments
  • Apr. 29, 2015, 2:14 AM
    • Reporting its sixth consecutive quarterly decline, Samsung's (OTC:SSNLF) net profit slumped 39% to 4.63T Korean won ($4.3B) during the January-March period, as cut-throat competition hit its mobile division.
    • Mobile operating profit margins, however, saw a rise, climbing to 10.6% from 7.5% in Q4 due to lower marketing costs and better sales of midrange handsets.
    • Despite the bumpy quarter, Samsung said it expected an earnings improvement in Q2, citing the recent launch of the new Galaxy S6.
    | Apr. 29, 2015, 2:14 AM
  • Apr. 7, 2015, 3:55 AM
    • Samsung Electronics' (OTC:SSNLF) Q1 operating profit fell a preliminary 31% to 5.9T won ($5.4B), although the figure represents a slowdown in the company's earnings decline and topped analyst forecasts of 5.5T won.
    • Sales dropped 12% to 47T won, below consensus of 50.1T.
    • Buffeted by competition from Apple at one end of the market and cheaper rivals at the other, Samsung's earnings have dropped for six consecutive quarters, although the South Korean company is hoping that Friday's launch of the the Galaxy S6 will attract back buyers and push sales of chips and displays.
    • Samsung didn't provide net profit or divisional numbers, with its final results due later this month.
    | Apr. 7, 2015, 3:55 AM | 3 Comments
  • Jan. 28, 2015, 8:20 PM
    • Samsung (OTC:SSNLF) had Q4 revenue of KRW52.73T ($48.6B, -11% Y/Y) and operating profit of KRW5.29T ($4.9B, -36%); the latter was slightly above guidance of KRW5.2T. Net profit fell 28% to KRW5.35T.
    • With competition from Apple and Chinese OEMs taking a toll, mobile revenue fell 23% to KRW25T. On the other hand, strong DRAM demand/pricing and NAND growth led memory sales to rise 25% to KRW8.18T. Growing TV panel and mobile OLED panel demand helped display sales rise 9% to KRW7.05T. Consumer electronics sales were flat at KRW14.3T.
    • Smartphone/tablet and TV sales are expected to fall in Q1 due to seasonality. TV sales for the whole of 2015 are expected to rise, aided by strong 4K TV demand. Tablet sales are also expected to grow, but no similar forecast is made for phones.
    • Mobile and server DRAM demand is expected to remain strong in 2015, with the former boosted by the adoption of high-res phone displays. NAND flash sales are expected to benefit from server/SSD demand, and LSI (logic/foundry) sales by the 14nm process ramp.
    • OLED panel shipments are expected to rise in seasonally weak Q1 due to new products (the Galaxy S6?), and grow over the whole of 2015 via the expansion of Samsung's customer base - Universal Display (NASDAQ:OLED) should be pleased to hear that. A healthy supply/demand balance is expected to remain for LCD panels.
    • Samsung ended Q4 with over KRW50T ($46B) in net cash, and KRW17.9T ($16.4B) in investments. Shares are up 0.9% in Seoul.
    • Q4 earnings slides (.pdf)
    | Jan. 28, 2015, 8:20 PM | 17 Comments
  • Jan. 8, 2015, 2:11 AM
    • Confirming its first year of annual profit decline since 2011, Samsung Electronics (OTC:SSNLF) announced today that its fourth-quarter profit likely fell 37.4% Y/Y, hurt by falling sales at its smartphone division.
    • Earlier this week, Samsung pledged to reinvent itself by focusing on the "Internet of things", and promised that all of its devices would soon be connected to the Internet.
    | Jan. 8, 2015, 2:11 AM | 7 Comments
  • Dec. 11, 2014, 1:54 PM
    • Thanks to Apple's huge A8 CPU orders, TSMC (TSM +0.6%) had November revenue of $2.32B, -10.5% M/M (seasonality) but +64.1% Y/Y. October sales were up 55.9% Y/Y.
    • Sources tell Digitimes sales are also expected to fall M/M in December, but add TSMC is still set to hit Q4 revenue guidance of NT$117B-$120B ($3.74B-$3.84B).
    • Meanwhile, Samsung (OTC:SSNLF) has begun producing chips using its next-gen 14nm FinFET process for an unnamed client (quite possibly Apple), a little earlier than expected. The process is expected to be used to make Apple's A9 CPU (going into 2015 iDevices), as well as upcoming Qualcomm processors.
    • TSMC might also be responsible for some A9 output, via its 16nm FinFET process (set to enter mass-production in Q2 2015).
    | Dec. 11, 2014, 1:54 PM | 2 Comments
  • Oct. 30, 2014, 6:37 AM
    • Samsung Electronics (OTC:SSNLF, OTC:SSNGY) reports that its net profit nearly halved during Q3, as its mobile business continued to face heavy competition from low-cost Chinese smartphone makers.
    • Net profit during the quarter ended in September fell 49% Y/Y to 4.2T won ($4B). That followed a 20% profit decline in the previous quarter.
    • Samsung also warned that uncertainty remains for its mobile business in the current quarter, since it will have to boost its marketing efforts to counter an anticipated year-end surge in competitors’ smartphone launches.
    | Oct. 30, 2014, 6:37 AM | 1 Comment
  • Oct. 6, 2014, 8:01 PM
    • Samsung (OTC:SSNLF, OTC:SSNGY) expects to report a Q3 op. profit of KRW4.1T ($3.8B), down 60% Y/Y and well below a KRW5.6T consensus. Revenue is expected to total KRW47T ($44B), down 20.5% Y/Y and below a KWT50.9T consensus.
    • The Korean electronics giant blames weak mobile sales and a declining smartphone ASP. With its efforts to differentiate via proprietary software/services running on top of Google's Android often falling flat, Samsung has been losing share to Chinese OEMs offering aggressively-priced low-end and mid-range devices. More recently, it has also had to deal with the iPhone 6/6 Plus launch.
    • The Q3 warning comes on the heels of July's soft Q2 numbers.
    | Oct. 6, 2014, 8:01 PM | 27 Comments
Company Description
Sector: Technology
Industry: Semiconductor - Broad Line
Country: Korea