Arab Today, arab today listed firms\ earnings outlook downgraded
Last Updated : GMT 23:05:53
Arab Today, arab today
Arab Today, arab today

Listed firms\' earnings outlook downgraded

Arab Today, arab today

Arab Today, arab today Listed firms\' earnings outlook downgraded

Seoul - Yonhap

South Korea\'s listed companies are likely to register less operating profit than estimated earlier this year amid signs of a global economic slowdown, a report showed Sunday. According to the report by FnGuide Inc., a financial information provider, 129 major listed companies are expected to chalk up a combined operating profit of 92.8 trillion won (US$85.4 billion) for all of this year. The estimate is based on analysts\' earnings forecasts for the listed companies, which close their books in December. It was down from a 93.3 trillion won prediction made early this month and 94.3 trillion won projected in February. \"Earnings forecasts for both U.S. and South Korean companies have begun to face downward adjustments since June due to lowered expectations for the global economy,\" said Lee Jae-man, an analyst at Tong Yang Securities Co. According to FnGuide, the technology sector has suffered the biggest downward adjustment, which could have a negative impact on the local bourse due to their high market capitalization. Eighteen listed companies that were surveyed are projected to post a combined operating profit of 18.5 trillion won this year, far lower than an estimate of more than 20 trillion won made early this year. In particular, the market forecast for top-cap tech giant Samsung Electronics Co.\'s operating profit for the second quarter has been lowered to 3.9 trillion won from 4.2 trillion won estimated at the start of the year, it said. \"Most analysts have retained their target price for Samsung, but the downgrade in its earnings forecast reflects worsening economic conditions in advanced countries,\" said Shin Il-pyeong, a senior researcher at Daewoo Securities Co. Market watchers said the downgrade in earnings forecasts for listed companies is feared to increase the volatility of the local stock market, which has been losing momentum in the wake of the Greek debt crisis. On Friday, the benchmark Korea Composite Stock Price Index (KOSPI) dropped 0.72 percent to 2,031.93, the lowest close since March 23, as tech companies took a dive on grim second-quarter earnings forecasts.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today listed firms\ earnings outlook downgraded Arab Today, arab today listed firms\ earnings outlook downgraded

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday