Samsung's stock is signaling a bottom for the global chip market

SEOUL - Investors have grown increasingly bullish on Samsung Electronics Co ahead of its Tuesday results report, betting that the global memory-chip cycle is near a bottom.

Shares of Samsung fluctuated on Monday, ahead of the company's preliminary third-quarter results on Tuesday. Analysts estimate it will post operating income of 6.9 trillion won, compared with the record 17 trillion won it reported a year earlier. Analysts were similarly optimistic on signs of a chip cycle bottom after a weak forecast last week from US peer Micron Technology Inc. The third-biggest player in the global memory-chip industry - after Samsung and its Korean compatriot SK Hynix Inc - said it's vulnerable to the US-China trade war and that recent improvements in orders may not be driven by sustainable demand.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong stocks tumble most in Asia before Carrie Lam's briefing at 3pm[HONG KONG] Hong Kong stocks fell before a briefing by the city's senior officials, where they are expected to invoke emergency laws to ban mask wearing. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Investors 'have little choice' but to go to stocks: DBS[SINGAPORE] Stocks still look particularly attractive in a world of ultra-low bond yields, according to South-east Asia's largest bank DBS Group Holdings. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks to watch: Keppel, Ascott Reit, A-HTrust, Perennial Real Estate, USP GroupSINGAPORE - The following companies saw new developments that may affect trading of their securities on Monday (Oct 7):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »