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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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U.S. offers Brazil funding to buy 5G gear from Huawei rivals - diplomat

06/23/2020 | 06:36pm EST

The U.S. government is prepared to help finance in telecom companies in Brazil and other countries to acquire fifth-generation technology that is not provided by "untrusted" Chinese companies, its top diplomat in Brazil said on Tuesday.

Ambassador Todd Chapman said Ericsson, Nokia Oyj and Samsung were companies that have successfully provided "appropriate" 5G technology that adequately protects information, data flows and intellectual property.

The funding would come from the U.S. International Development Finance Corporation (DFC), a government agency that provides financing for private development projects, he said.

Chapman told correspondents in a virtual briefing that China's Huawei Technologies Co Ltd [HWT.UL], the world's largest telecoms equipment maker, was not to be trusted as a partner in building out 5G networks around the world.

Huawei did not immediately respond to a Reuters request for comment.

Huawei has consolidated its presence in Brazil over the last 20 years and local telecoms operators have already tested its 5G technology and built significant parts of their backbone infrastructure using Chinese equipment.

Huawei has successfully conducted 5G tests with major carriers - Telefonica Brasil SA, TIM Participacoes SA, America Movil's Claro and Oi SA - and is helping them modernize their infrastructure ahead of a long-awaited 5G spectrum auction.

U.S. President Donald Trump's administration has urged governments worldwide, including Brazil, to shun Huawei because of spying concerns.

Chapman has publicly warned in Brazil that including Chinese companies in the country's 5G deployment could discourage investments by other foreign companies that do not trust the technology, and his message is getting through.

"More and more are understanding the challenges to the Brazilian economy moving forward should it choose to move further with 5G implementation using these untrusted providers," Chapman said.

"We are simply alerting our friends and allies in Brazil that we have those concerns shared by many countries around the world that such technology is not the way to go," he said.

(Reporting by Anthony Boadle; Editing by Dan Grebler)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. 1.68% 14.55 End-of-day quote.-3.64%
ERICSSON AB 0.92% 104.6 Delayed Quote.27.08%
EURO / BRAZILIAN REAL (EUR/BRL) 0.06% 6.4034 Delayed Quote.42.99%
NOKIA OYJ 2.86% 3.4 Delayed Quote.0.29%
OI S.A. -1.40% 2.81 End-of-day quote.128.46%
SAMSUNG ELECTRONICS CO., LTD. 0.30% 67700 End-of-day quote.21.33%
TELEFONICA S.A. 8.98% 3.592 Delayed Quote.-42.32%
TELEFÔNICA BRASIL S.A. -2.26% 45.34 End-of-day quote.-21.80%
TIM PARTICIPAÇÕES S.A. -0.88% 13.46 End-of-day quote.-14.10%
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Financials
Sales 2020 238 505 B 215 B 215 B
Net income 2020 27 268 B 24,6 B 24,6 B
Net cash 2020 95 065 B 85,8 B 85,8 B
P/E ratio 2020 16,4x
Yield 2020 2,16%
Capitalization 455 009 B 409 B 411 B
EV / Sales 2020 1 907x
EV / Sales 2021 1 721x
Nbr of Employees -
Free-Float 82,9%
Chart SAMSUNG ELECTRONICS CO., LTD.
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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 40
Average target price 76 825,00 KRW
Last Close Price 67 700,00 KRW
Spread / Highest target 32,9%
Spread / Average Target 13,5%
Spread / Lowest Target -11,4%
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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