Shares of Samsung Electronics (KRX: 005930) soared about 5% in the past few days as investors anticipated a stronger-than-expected first quarter for the South Korean tech titan. Fundamental analysis: Profit in Q1 likely up 44% Samsung’s profit in the quarter between January and March likely rose by 44% thanks to strong sales of smartphones, TVs and home appliances, the company said today. However, the profit in the tech giant’s chip unit is estimated to fall by 20% after a storm halted production at the company’s plant in the United States. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Consumers have been spending significantly more on electronics amid the coronavirus pandemic, which has also caused a global deficit of semiconductor chips. Samsung reported operating profit of 9.3 trillion won ($8.3 billion), in line with analysts’ estimates. This marks Samsung’s highest operating profit level for Q1 since 2018. Analysts expected the company’s revenue to climb by 12% while Samsung reported a surge of 17%. It appears that Samsung’s mobile unit is likely its best performer in Q1, after the launch of its flagship model Galaxy S21 in mid-January. Samsung is estimated to have accounted for about 23% of the global market in Q1 after launching the S21 and pricing it cheaper-than-usual for its flagship models. S21 costs $200 less than its predecessor S20. Analysts also expect high-margin accessories including Galaxy Buds to have performed very well in the quarter and expect operating profit for this unit to be up by over 1 trillion won compared to last year to about 4.15 trillion won. However, analysts estimated that Samsung’s semiconductor unit’s profit will be down around 20% to 3.6 trillion won after a winter storm halted production at its Texas plant in February. Tip: looking for an app to invest wisely? Trade safely by signing-up with our preferred choice, eToro: visit & create account Technical analysis: 2-month highs hit Samsung stock price gained over 4% last week to erase losses from the early in the week after analysts released their expectations for the first quarter. Overall, shares of Samsung are up over 5% in April. Samsung Electronics daily chart (TradingView) Today’s earnings release from Samsung came in pretty much in line with the analysts’ estimates, allowing the price action to stay trading near the 2-month highs. The price action
(RTTNews) - Indian shares opened higher on Wednesday, with banks, automakers and IT companies pacing the gainers.
The benchmark S&P BSE Sensex rose 330 points, or 0.7 percent, to 49,274 in early trade, while the broader NSE Nifty index was up 92 points, or 0.6 percent, at 14,744.
Bajaj Finance climbed 3.1 percent and Bajaj FinServ advanced 2.2 percent. Non-banking financial companies (NBFCs) have asked the RBI to allow a fresh round of loan restructuring for businesses and consumers undergoing stress.
TVS Motor Company soared 11 percent after reporting a four-fold increase in Q4 profit.
Axis Bank was marginally lower. The private sector bank beat Street estimates to post its highest-ever quarterly standalone net profit in the March quarter on the back of lower provisioning.
Info Edge shares jumped 2.4 percent. The company said it will sell stake worth Rs 750 crore in the initial public offering (IPO) of its investee company Zomato.
ABB India gained 1.4 percent after its quarterly profit jumped more than two-fold.
United Breweries added 1.6 percent after it posted over two-fold jump in Q4 profit.
Britannia Industries lost nearly 2 percent on reporting a 3 percent fall in March quarter profit.
New York, July 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Europe Electrical Protective Equipment Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Products ; End-user, and Country" - https://www.reportlinker.com/p05934803/?utm_source=GNWThe power generation industry worldwide is witnessing huge growth; also, various construction and electrical projects are in the pipeline in most of the Southeast Asian countries. All these factors are anticipated to fuel the demand for electrical protective equipment in the coming years. Moreover, the growth of the global electric vehicle industry and the growing demand for electric vehicles are also encouraging manufacturers to set up new production plants, which would create new manufacturing jobs; thus, fueling electrical protective equipment market growth.Growth in power transmission projects across the globe will require electricians to wear electrical protection equipment at work locations. Furthermore, increase in electrical infrastructure projects worldwide is driving the use of electrical protective equipment among diversified industries..The overall Europe electrical protective equipment market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.The process also serves the purpose of obtaining overview and forecast for the Electrical protective equipment market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.The participants who typically take part in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe Electrical protective equipment market. An sell Limited, MSA Safety Incorporated, Delta Plus Group, Alpha Pro Tech Ltd, Honeywell International Inc, 3M, are among the key players serving the electrical protective equipment market in Asia-Pacific.Read the full report: https://www.reportlinker.com/p05934803/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________