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

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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Samsung Electronics says no plans to merge with Samsung SDS

06/03/2015 | 05:05am EST
A man walks at the Samsung Electronics' headquarters in Seoul

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd (>> Samsung Electronics Co Ltd) said on Wednesday it has no plans to merge with affiliate Samsung SDS Co Ltd (>> Samsung SDS Co Ltd), in an attempt to quell speculation that such a deal is in the works to help Samsung Group's succession process.

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd (>> Samsung Electronics Co Ltd) said on Wednesday it has no plans to merge with affiliate Samsung SDS Co Ltd (>> Samsung SDS Co Ltd), in an attempt to quell speculation that such a deal is in the works to help Samsung Group's succession process.

"The management wants me to express clearly that we do not have a plan to merge with SDS," Robert Yi, Samsung Electronics' head of investor relations, said at a company event in Seoul.

Samsung Group has been restructuring its sprawling business empire over the past year to secure a stable transfer of control from the founding family patriarch Lee Kun-hee to his three children. The elder Lee remains hospitalised following a May 2014 heart attack, adding urgency to these efforts.

Some investors and analysts have said Samsung Electronics and Samsung SDS, an IT services company, could merge soon. Such a deal would give Samsung Group heir apparent Jay Y. Lee and his sisters, major shareholders in SDS, shares in Samsung Electronics, the crown jewel of South Korea's top conglomerate.

"This announcement may not remove all the rumours and hearsayers in the market but I hope it conveys the management's thoughts on this issue," Yi said.

Samsung's de facto holding firm, Cheil Industries Inc (>> Cheil Industries Inc), and Samsung C&T Corp (>> Samsung C&T) announced in late-May an all-stock merger, putting stakes in key manufacturing and financial arms in a single vehicle under the Lee heirs' control.

Investors expect more group consolidation moves to be announced in the near term, though Samsung Group has not disclosed its restructuring plans.

(Reporting by Se Young Lee; Editing by Muralikumar Anantharaman)


© Reuters 2015
Stocks mentioned in the article
ChangeLast1st jan.
E.ON SE -0.86% 8.73 Delayed Quote.-2.85%
HOPE, INC. 2.31% 3100 End-of-day quote.-31.03%
SAMSUNG C&T CORPORATION 0.66% 153500 End-of-day quote.11.23%
SAMSUNG ELECTRONICS CO., LTD. -1.90% 88000 End-of-day quote.8.64%
SAMSUNG SDS CO.,LTD. -2.86% 203500 End-of-day quote.14.01%
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Financials
Sales 2020 235 928 B 213 B 213 B
Net income 2020 26 667 B 24,1 B 24,1 B
Net cash 2020 93 685 B 84,7 B 84,7 B
P/E ratio 2020 21,8x
Yield 2020 1,95%
Capitalization 568 819 B 516 B 514 B
EV / Sales 2020 2 411x
EV / Sales 2021 2 172x
Nbr of Employees -
Free-Float 82,9%
Chart SAMSUNG ELECTRONICS CO., LTD.
Duration : Period :
Samsung Electronics Co., Ltd. Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Average target price 97 820,51 KRW
Last Close Price 88 000,00 KRW
Spread / Highest target 43,2%
Spread / Average Target 11,2%
Spread / Lowest Target -31,8%
EPS Revisions
Managers and Directors
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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