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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Samsung Electronics Co., Ltd.    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

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Vietnam reports supply chain issues from virus, says may hit Samsung output

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02/21/2020 | 05:38am EDT
Container trucks are seen while waiting for cross the border at Huu Nghi border gate connecting with China, in Lang Son province, Vietnam

Vietnam's manufacturing sector is suffering supply chain problems caused by the coronavirus epidemic, which may delay production of Samsung Electronics' new phones, the Ministry of Industry and Trade told Reuters on Friday.

"Car, electronics and phone manufacturers are experiencing difficulty in acquiring supplies and materials due to disruptions from the virus," the ministry said in an emailed statement.

"Vietnam relies much on China for materials and equipment, which makes the country become vulnerable when such outbreak happens," it said.

Vietnam on Thursday eased some health-related restrictions on cross-border trade to prop up economic activity, but some strict measures are still in place.

Samsung, Vietnam's largest single foreign investor, is an example, the ministry said. The epidemic would have an impact on its production of two new phone models as most of the components are sourced from China.

"Samsung is considering using sea or air transport to import needed components but it would lift up the cost and would hardly meet the production schedule and demand," the ministry said.

Samsung said it was "making our best effort to minimise impact on our operations".

Although the ministry has not reported any plants being shut down because of the virus, the biggest problems facing car and electronics manufacturers are securing alternative materials and goods, along with inventory management.

"If the epidemic is not contained in the next 1-1.5 months, we will run out of inventory. Domestic TV's and phone's output will sharply decline," said the trade ministry, citing a report by the Vietnam Electronics Business Association.

The government said it would stick to this year's economic growth target of 6.8% and take steps to ease the impact of the outbreak.

The Ministry of Health said on Friday that 15 out of 16 confirmed coronavirus cases in the country had recovered, while 28 suspected cases were being quarantined in hospital.

(This story corrects attribution of comment in paragraph 6 to ministry)

By Phuong Nguyen and Khanh Vu

Stocks mentioned in the article
ChangeLast1st jan.
HONDA MOTOR CO., LTD. -4.37% 2430 End-of-day quote.-4.61%
SAMSUNG ELECTRONICS CO., LTD. -0.21% 47750 End-of-day quote.-0.52%
TOYOTA MOTOR CORPORATION -4.35% 6501 End-of-day quote.-4.06%
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Financials (KRW)
Sales 2020 243 295 B
EBIT 2020 36 096 B
Net income 2020 27 898 B
Finance 2020 98 224 B
Yield 2020 3,21%
P/E ratio 2020 11,0x
P/E ratio 2021 7,83x
EV / Sales2020 1 281x
EV / Sales2021 1 147x
Capitalization 311 808 B
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Mean consensus BUY
Number of Analysts 39
Average target price 66 935,90  KRW
Last Close Price 46 800,00  KRW
Spread / Highest target 61,3%
Spread / Average Target 43,0%
Spread / Lowest Target 13,2%
EPS Revisions
Managers
NameTitle
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Jae-Wan Park Chairman
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