Samsung Electronics on Friday delivered an earnings shock for the first quarter with its quarterly operating profit falling 60 per cent, hit by lower prices of memory chips and display panels.
Operating profit at the South Korean technology giant was estimated at Won6.2tn ($5.5bn) for the first three months of this year, compared with Won15.64tn from a year earlier. Sales fell 14 per cent to Won52tn.
The company’s projection was far below analyst estimates although Samsung issued a profit warning last week in a rare regulatory disclosure that blamed slow demand for memory chips and an expansion of panel capacity among Chinese competitors.
The downbeat guidance is the latest sign of woes hitting global electronics makers as chipmakers have been hit by slowing demand and rising stock inventories following a slump in smartphone sales and a sharp fall in demand from cryptocurrency mining. The effects of a broader economic slowdown and worries over the US-China trade dispute have also been felt by the industry.
Analysts expect Samsung’s earnings to improve in the second half on seasonal demand and lower inventories. Such optimism has driven up the company’s shares by more than 20 per cent since hitting a two-year low in early January.
And this is year old.
If possible …Just have your comment.
-Above is the Monthly chart of Shanghai Composite.
Just watch 2956 level very closely.Three Consecutive close below this level +Weekly close will take to 2821-2776 level.
Break and close below 2776 ,Nonstop slide upto 2640-2595 level.
Trend Reversal will be above 3200 level.
I will Update more (Next week ).
Updated at 12:42/23rd April/Baroda
Traders with skill have large gains after 100 trades and are relatively quiet, traders that were lucky have huge gains after a few trades and are very loud, then very quiet for the next few trades that usually bring their account to zero.
Traders with skill risk 1% to 2% of their trading capital per trade and win in the long term, traders that are just lucky risk the majority of their account for a few big wins in the short term but lose in the long term when their luck runs out.
Traders with skill use a successful method with different stocks, currencies, commodities, future markets while traders with just luck are only successful with one lucky pick in one of those markets and when its up trend ends their winning streak ends.
Traders with skill have winning track records over many years, traders with only luck only have winning track records measured in months.
Traders with skill have risk management as a top priority, traders with only luck do not understand why risk management is important, yet.
Traders with skill are trading like it is a business, traders operating with luck are trading like they are a gambler in a casino. (more…)
Pay more attention to the technicals
Newly Listed stock ,U need Third eye to look at chart.
-Just check out volume chart and Enjoy Big blast.
I’ve learned to seek out opinions that challenge my analysis and beliefs and ignore the rest
Stock Traded at NSE-BSE
Yesterday’s close Rs.89
Today ,JUST have a eye on 91 level.Crossover will create unexpected buying and in minutes will kiss 101……………….& there after upperlock.
It’s a screaming Buy…….!!
Updated at 9:08/3rd Dec/Baroda