경제

83% decline in Samsung Electronics earnings forecast after the US economic recession

김종찬안보 2023. 2. 28. 16:30
728x90


US economists placed weight on the “possibility after the middle of the year” and “higher interest rate hike” for the US economic recession, and Samsung Electronics showed weakness in the stock market.

A third of 48 economists surveyed by the National Association for Business Economics expect a recession to begin in the second quarter of April-June, and a fifth expect a recession to begin in the second quarter of July-September. The Associated Press reported on the 27th that it said it would start in the third quarter of March.

"The delay in economists' expectations of when the recession will begin comes following a series of government reports pointing to a robust economy after eight rate hikes by the Fed in a concerted effort to slow growth and contain high inflation," the Associated Press said. "Credit tightening could weaken the economy and cause a recession, and an economic study published on the 24th found that the Fed failed to reduce inflation from the high levels it reached recently without triggering a recession," he said.

The paper, published on the 24th, was published by Brandeis University professor Stephen Cecchetti (former Federal Reserve Bank of New York research director) and Michael Peroli, JP Morgan chief US economist (former Fed researcher), and Deutsche Bank research vice president Peter. The report, which included former Federal Reserve Board President Peter Hooper and Frederic Mishkin, and others, is a growing perception that the Fed is likely to have to raise interest rates much higher than previously anticipated.

Samsung Electronics' 1Q profit forecast was a sharp decline of 83% compared to the same period last year, and net selling by foreigners continued, bringing the share price back to the low 60,000 won level.

According to FnGuide, a securities information company, as of the 26th, Samsung Electronics' first quarter operating profit was estimated at 2,372.7 billion won, which is expected to decrease by 83% from the same period last year and by 41% from a month ago.

 

Samsung Electronics recorded an operating loss of about 3 trillion won in the memory division in January and February this year, and it is known that the maximum loss in the first quarter is expected to be 4 trillion won.
SK Hynix, which is more dependent on memory, is expected to record a deficit of 4 trillion won in the first quarter of this year.


Foreigners started selling Samsung Electronics in earnest from the 20th, and sold 79.6 billion won until this day, and SK Hynix sold 82.4 billion won from the 13th to this day.