Samsung’s affiliates had a market value of 548.4 trillion won ($371.5 billion) as of Thursday, compared with 709.6 trillion won a year earlier, according to data compiled by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Samsung Group has 22 affiliates listed on the local stock market, including Samsung Electronics Co., Samsung Biologics Co., Samsung C&T Corp. and Samsung Life Insurance Co.
The overall decline came as shares of Samsung Electronics fell 31.71 percent this year, while shares of Samsung SDI Co. and Hotel Sheila Co. fell 47.66 percent and 42.58 percent, respectively.
KB Securities Co. “Samsung Electronics shares are expected to trade in a limited range for the time being due to the shortage of memory chips,” said Kim Dong-won, a researcher at Meanwhile, Samsung Electronics’ earnings forecast for the fourth quarter has been largely revised down due to a slowdown in industry demand.
Samsung Electronics’ operating profit for the October-December period is estimated at 8.58 trillion won ($5.92 billion), according to the latest Yonhap Infomax survey, which polled 20 Korean brokerage houses.
While the latest forecast is well above the 2.82 trillion won recorded in the fourth quarter of last year, it represents a drop of more than 1 trillion won from the previous estimate of 9.77 trillion won in October and November. .
A deep decline in demand for traditional IT products, including smartphones and PCs, has contributed to prolonged weak profits in Samsung’s core memory business, market observers say.
The U.S. Commerce Department recently awarded Samsung Electronics up to $4.745 billion in direct funding to support the South Korean tech giant’s chipmaking investment in Central Texas, as it boosts domestic semiconductor production. Tries to strengthen.