Here are the top media stories right now on May 23, provided by Infostock Daily.
[인포스탁데일리=윤서연 기자]
▲Samsung Electronics, whose deficit crisis has increased in the second quarter… Be prepared to lose money internally
There is a growing sense of crisis that Samsung Electronics, which has formalized emergency management and cost cutting, will make a deficit in the second quarter. This is the first quarterly loss in 15 years since the fourth quarter of 2008, when it suffered an operating loss of 940 billion won due to the global financial crisis. On the 23rd, a sense of crisis is spreading among senior executives within Samsung Electronics that they must prepare for a transformation in the second quarter of this year. A senior executive said, “Now, the atmosphere is spreading that a deficit in the second quarter is a fait accompli.” It was in 2000 that Samsung Electronics started publishing quarterly results. Previously, we only reported annual results. It was in the red for the first three years after its establishment in 1969, but after turning to the black in 1972, it was also in the black during the IMF period. The fourth quarter of 2008 is the only quarterly deficit.
▲ Samsung ranks first with a 32% share of the global TV market in the first quarter … LG is No. 1 in OLED
Samsung Electronics came first in the world in the first quarter, recording a market share of around 30% ahead of premium TVs. 1 in the world TV market for 18 consecutive years. LG Electronics retained its No. 1 position with a market share close to 60% in the OLED (organic light emitting diode) TV market. As a result of the survey of the global market research company Omdia on the 23rd, Samsung Electronics recorded a share of 32.1% in the world TV market in the first quarter, maintaining its No. 1 position. Samsung Electronics explained that it maintained its No. 1 in terms of market share through premium and ultra-large products such as Neo QLED, OLED, and lifestyle TVs.
▲ New York Stock Exchange closes mixed ahead of debt ceiling talks… Tesla 4.9% ↑
The New York stock market closed mixed ahead of debt ceiling talks. In the New York Stock Exchange (NYSE) on the 22nd (local time), the Dow Jones 30 Industrial Average, focusing on blue chip stocks, closed at 33,286.58, down 0.42% (140.05 points) from the previous trading day. The large-cap-focused Standard & Poor’s (S&P) 500 index rose 0.02% (0.65 points) from the previous trading day to 4192.63, and the Nasdaq index closed at 12,720.78, up 0.50% (62.88 points) from r the day before a trading day.
▲ Posco Future M expects a rebound in operating profit in the second quarter
On the 23rd, SK Securities issued a ‘buy’ and target price of 410,000 won for POSCO Future M, saying that the second quarter is the time when the rebound in the operating profit rate begins in earnest. Park Hyeong-woo, a researcher at SK Securities, said, “The operating profit of POSCO Future M in the second quarter is expected to be 63.7 billion won. It can be effectively overcome,” he said. He added, “We expect a full rebound in the operating margin as the one-off expenses incurred in the previous quarter have also disappeared.” POSCO Future M’s projected operating profit for this year is KRW 270 billion, an increase of 69% from the previous year. The expected operating profit in 2024 is 571.8 billion won.
▲ 620 billion won was spent on research and development alone in the first quarter of K Battery
The amount invested in research and development (R&D) by three domestic battery companies in the first quarter of last year was found to be more than 620 billion won. It is analyzed that the company improves its competitiveness with preemptive investments in response to the global electric vehicle growth trend, such as investing more than 4.5 trillion won in new and expanded production lines in the United States. According to related industries on the 22nd, Samsung SDI’s research and development investment in the first quarter of this year was KRW 308.8 billion, up 19.6% from the same period last year (KRW 258.3 billion). Samsung SDI greatly expands its R&D investment every year.
▲Goldman Sachs, opportunity to drop ‘Leap-Leap’ energy stocks
CNBC reported on the 22nd (local time) that Goldman Sachs issued an analysis that energy-related stocks are showing sluggish performance due to falling oil prices, but now may be the time to buy bargains. The SPDR Energy Select Sector Fund (ticker name XLE), an exchange-traded fund (ETF) that collects energy-related stocks among S&P 500 stocks, is down 9.3% year to date. Energy stocks such as ExxonMobil, Chevron, and ConocoPhillips are incorporated into XLE. This contrasts with the S&P 500, up about 9.2% this year.
▲ “An overheating warning came out”… Japan’s stock market at its highest level in 32 years
The Japanese stock market attracts the attention of individual investors. This is because Japan’s Nikkei 225 index recorded its highest level in more than 30 years due to expectations of a low yen and economic recovery. However, experts recommend investing with caution as Japan’s economic growth and monetary policy are uncertain. According to Savero, the securities information portal of the Korea Securities Depository on the 23rd, domestic investors are buying net Japanese stocks for $703,300 this month. Domestic investors who net sold Japanese stocks in February and March net bought 500,000 dollars last month and are increasing their net purchases further this month.
▲ Competition for weight loss drugs heats up… Pfizer appears solo in Novo Nordisk
The global pharmaceutical industry is fiercely competing for the obesity treatment market. Novo Nordisk led the way with injections that fit, but Pfizer entered the market with diet pills. On the 22nd (local time), the Journal of the American Medical Association (AMA), ‘JAMA Network Open’ published the results of a phase 2 clinical trial that showed Pfizer’s new oral anti-obesity treatment similar effects to existing injections from other pharmaceutical companies. In a phase 2 trial of 411 adult patients with type 2 diabetes, Pfizer gave participants either 120 mg of ‘danuglypron’ or a placebo (placebo) twice a day. As a result, the danuglyprone group lost 10 pounds (about 4.54 kg) over 16 weeks.
▲ Semiconductor ‘shrimp lamp’ battle… Explosion at Samsung Hynix
As China revealed its policy of sanctions against Micron Technology, the largest memory semiconductor company in the United States, domestic semiconductor companies stood the test again. In the short term, you can expect a return benefit from selling Micron’s supply to China instead, but as the level of conflict between the US and China increases over semiconductors, there are also hidden risks that are difficult to predict. Summarizing the words of the government and the semiconductor industry on the 22nd, the comment that this action by China will allow Samsung Electronics and SK Hynix to replace Micron’s supply shortage and enjoy reflective benefits comes first.
▲SK Square IPO subsidiary ‘red light’…complicated calculation method
As the initial public offering (IPO) of main subsidiary SK Square is inevitably disrupted, pressure to sell its stake in its subsidiaries is growing. It is understood that SK Square’s calculation method has become complicated as the pressure to raise money intensifies before the maturity of the investment. SK Shielders, One Store, 11th Street, Tmap Mobility, and Content Wave are major subsidiaries of SK Square, which was launched as an investment company after a spin-off from SK Telecom in 2021. Global investor sentiment has decreased due to inflation concerns caused by interest rate rises, and most of its main subsidiaries have postponed their IPOs.
▲ Daewoo Shipbuilding, a new start as Hanwha Ocean… Top priority ‘chemical bonding’
Daewoo Shipbuilding & Marine Engineering is starting anew as Hanwha Ocean. The new head of Hanwha Ocean has been appointed as Kwon Hyuk-woong, vice chairman of Hanwha’s Support Department, who is said to be the closest aide to Hanwha Group Chairman Kim Seung-yeon. Vice Chairman Kim Dong-kwan’s aides are also joining the board of directors to support the normalization of management. Hanwha Ocean has been recording losses for 10 consecutive quarters, but has an order backlog of 40 trillion won, which is more than three years of work, and may increase profitability in the second half of this year thanks to prices increased shipping.
Reporter Yoon Seo-yeon yoonsy0528@infostock.co.kr
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