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Southbound 2x Long Samsung Electronics ETF Drops Nearly 4% as Q3 Results Miss Expectations

Stock News
5 hours ago

The Southbound 2x Long Samsung Electronics ETF (07747) fell nearly 4%, down 3.71% to HK$75.18 as of press time, with a turnover of HK$303 million.

On the news front, on October 8, Samsung Electronics Co., Ltd. released its third-quarter earnings guidance, with profit reaching a new high but overall results falling short of expectations.

Samsung Electronics Co., Ltd. expects third-quarter operating profit of 107.40 trillion won, a year-on-year increase of 783%, versus analyst expectations of 108.67 trillion won; third-quarter sales are expected to be 195 trillion won, a year-on-year increase of 127%, versus analyst expectations of 201.9 trillion won.

Samsung Electronics Co., Ltd. will release detailed results and hold its third-quarter earnings conference call on October 29.

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