Tiger Brokers

Southbound 2x Long Samsung Electronics ETF Drops Nearly 4% as Q3 Results Miss Expectations

Stock News
2 hours ago

The Southbound 2x Long Samsung Electronics ETF (07747) fell nearly 4%, down 3.71% to HK$75.18 as of press time, with a turnover of HK$303 million.

On the news front, on October 8, Samsung Electronics Co., Ltd. released its third-quarter earnings guidance, with profit reaching a new high but overall results falling short of expectations.

Samsung Electronics Co., Ltd. expects third-quarter operating profit of 107.40 trillion won, a year-on-year increase of 783%, versus analyst expectations of 108.67 trillion won; third-quarter sales are expected to be 195 trillion won, a year-on-year increase of 127%, versus analyst expectations of 201.9 trillion won.

Samsung Electronics Co., Ltd. will release detailed results and hold its third-quarter earnings conference call on October 29.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10