Report
Dan Baker
EUR 147.86 For Business Accounts Only

Samsung Electronics’ Note 7 Impact to Continue Until First Quarter 2017, but Memory Recovering

We make no changes to our Samsung Electronics fair value estimate of KRW 1.5 million following the company’s further estimate of the impact of the full Galaxy Note 7 recall and halt of production. The company estimates a negative operating profit impact of approximately mid- KRW 2 trillion in the fourth quarter of 2016 and a further approximately KRW 1 trillion in the first quarter of 2017. The company already allocated the expected direct cost from the discontinuation of Galaxy Note7 sales in i...
Underlying
Samsung Electronics Co. Ltd.

Samsung Electronics is engaged in the manufacture and sale of electronic goods, communication products, semiconductors, telecommunication equipment, home appliances and other similar products. Co.'s products are mobile phones, MP3 Players, DVD players, video equipment, including Blu-Ray, TVs and VCRs; household appliances, including microwave ovens, refrigerators, home air conditioners, washing machines, ultrasonic humidifiers, dehumidifiers, vacuum cleaners and other small electrical goods; audio equipment, including semiconductors, information systems, and computers; miscellaneous parts; other products, including automatic vending machines, refrigerated display cases and electric tools.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Baker

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