atans1

Samsung beats ang mohs hollow

In Uncategorized on 09/07/2017 at 2:26 pm

But ang moh tech cos have better valuations. Ang moh tua kee isit?

FT’s Lex thinks Samsung is undervalued given its competitive strengths in the semiconductor arena.

It points out Samsung’s quarterly operating profit of US$12.1bn surpassed that of its rival Apple, which is on track for an estimated operating profit of US$10.5bn for the same period.

This US $12.1b would be bigger than the combined operating profits of the four major US tech companies — Facebook, Amazon, Netflix and Google — estimated at US $11.15bn.

But there are good reasons why Samsung is worth less in terms of valuation multiples. There’s — Korean factors (S Korea can be attacked by the North, internal political instability and corporate governance is really lousy)

— conglomerate discount (old- fashioned industrial conglomerate, not high tech one like the American ones)

— semi conductors are cyclical in nature.

 

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