On the 7th, Samsung Electronics' stock is declining a day before the announcement of its third-quarter earnings. Reports that the company is considering voluntary retirement for manager-level employees in the Semiconductor (DS) division, coupled with expectations that the earnings will fall short, have led to weakened investor sentiment.
As of 9:08 AM, Samsung Electronics is trading at 59,700 KRW, down 1.49% (900 KRW) from the previous trading day. The stock opened at 60,200 KRW and has been widening its losses throughout the session.
According to media reports from the previous day, Samsung Electronics reportedly inquired about voluntary retirement intentions among manager-level employees in the DS division. However, Samsung Electronics has stated that the reports regarding voluntary retirement in the DS division are "unfounded."
In the securities market, analysts are lowering their target prices consecutively, citing expectations that the third-quarter earnings will fall short of estimates. On the 4th, SK Securities lowered its target price to 86,000 KRW based on poor earnings performance.
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