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Samsung Electronics, known to generate the highest operating profit among Korea’s listed companies, is expected to fall to third place in operating profit this year. Instead, Korea’s leading automobile companies, Hyundai Motors and Kia, are expected to take first and second place.
According to Fn Guide, a securities information company, on the 26th, Hyundai Motor Company’s expected annual operating profit this year, which added the operating profit forecast for the fourth quarter to the cumulative operating profit for the third quarter of this year, was KRW 15.484 trillion, ranking first among 281 listed companies with performance forecasts.
Kia ranks second, and its operating profit this year is expected to reach 12.1289 trillion won. Hyundai Motor Group will occupy first and second place in operating profit among domestic listed companies.
Hyundai Motor Company and Kia Motors have maintained first and second place in operating profit since the first quarter of last year. In the third quarter, Hyundai Motors achieved an operating profit of 11.6524 trillion won and Kia achieved an operating profit of 9.1421 trillion won. KB Financial Group, which ranked third in cumulative operating profit in the third quarter, recorded an operating profit of KRW 6.1311 trillion, a gap of about KRW 3 trillion with Kia, which ranked second. The operating profit forecast for the fourth quarter is also expected to be 1st and 3rd for Hyundai Motors and KRW 2.9868 trillion, respectively, at KRW 3.8316 trillion and KRW 2.9868 trillion, respectively.
Automakers such as Hyundai Motors and Kia experienced difficulties in vehicle production due to supply chain bottlenecks during the pandemic. As deliveries of vehicles to customers who had been waiting for delivery began in earnest, sales volume soared and performance also improved. Doing well in overseas markets thanks to high exchange rates is also considered a factor in improving performance.
Kim Gwi-yeon, a researcher at Daishin Securities, said, “Next year, we will confirm the strength of basic profits in a situation where automobile production and competition are normalized. A decrease in operating profit is expected in the second quarter of next year, and it is necessary to pay attention to the performance fundamentals in the second half that will be confirmed later.” He said.
Samsung Electronics, which maintained the top spot in operating profit among domestic listed companies for 14 years from 2009 to last year, is expected to fall to third place this year. Samsung Electronics’ annual operating profit forecast for this year is 7.3072 trillion won, which is behind Hyundai Motors and Kia, but is expected to be higher than 4th place KB Financial Group (7.1479 trillion won) and 5th place Shinhan Financial Group (6.3628 trillion won).
Although the result falls short of the name Samsung Electronics, the operating profit ranking is expected to rise sharply compared to the first half of last year. Samsung Electronics posted poor performance of 640 billion won in the first quarter and 669 billion won in the second quarter. However, operating profit increased significantly to KRW 2.434 trillion in the third quarter, and operating profit in the fourth quarter is expected to increase further to KRW 3.565 trillion. Samsung Electronics’ fourth quarter operating profit forecast is second only to Hyundai Motor Company.
Accordingly, the securities market predicts that Samsung Electronics’ operating profit ranking will also jump from 10th at the end of the second quarter to 4th at the end of the 3rd quarter and 3rd at the end of this year.
Samsung Electronics’ ‘Galaxy S23 FE’ [출처 : 연합뉴스]
The 6th to 10th places in operating profit this year are SK (KRW 5.4608 trillion), Hana Financial Group (KRW 5.063 trillion), POSCO Holdings (KRW 4.3747 trillion), Woori Financial Group (KRW 4.0398 trillion), and LG Electronics (KRW 3.00 trillion). It is expected to be in that order (960.5 billion won). The 1st to 5th largest annual expected operating losses are SK Hynix (KRW 8.3467 trillion), Korea Electric Power Corporation (KRW 5.9891 trillion), LG Display (KRW 2.5528 trillion), and SK Square (KRW 2.1036 trillion). Hyosung Chemical (KRW 158.4 billion) followed.
Compared to last year’s operating profit ranking, HMM’s fall is noticeable. HMM, which benefited from the logistics crisis that lasted until last year, saw its operating profit plummet this year due to a drop in freight rates. This is because demand is not increasing due to the economic downturn, but maritime transportation supply is increasing.
HMM made operating profits of 7.3775 trillion won and 9.9515 trillion won in 2021 and 2022, respectively. It ranked 4th in operating profit in 2021 and 2nd last year. However, this year, with operating profit plummeting to 542.4 billion won, it is expected to fall to 68th place.
Ryu Je-hyeon, a researcher at Mirae Asset Securities, said, “The market is close to a historical low, but it is not easy to predict a market reversal in the short term.” He added, “Because supply and demand are not improving due to oversupply, the market will continue to face downward pressure depending on supply pressure.” “It is,” he said.
2023-12-26 02:22:48
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