PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings from Samsung Electronics and SK Hynix
The earnings reports from Samsung Electronics and SK Hynix highlight strong performance, with both companies reporting substantial increases in net profit and revenue compared to expectations.
Japanese Foreign Bond Investment (Jan/24) 177.6 (Prev. -361.1, Rev. From -361.4)
Japanese Stock Investment by Foreigners (Jan/24) 328.1 (Prev. 878.9, Rev. From 874)
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Earnings from Samsung Electronics and SK Hynix
[MARKET UPDATE] Precious metals remain bid in early Asia-Pac trade with spot gold up 2.7% to extend on record highs and briefly approached just shy of the USD 5,600/oz level, while spot silver briefly breached USD 119/oz
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JAPAN
Advantest (6857 JT) - Co. Q3 (JPY) net rose 105% Y/Y to 248.5bln, net sales rose 46.3% Y/Y to 800.5bln. (Advantest)
Fuji Media (4676 JT) - US activist investor Dalton Investments is to propose a 10% share buyback by Fuji Media. (Nikkei)
Nidec (6594 JT) - Co. submitted an improvement plan which targets governance, accounting, and culture, while it noted that its operations remain stable, while it is to delay the disclosure of its results. (Newswires)
Toyota Industries (6201 JT) - US activist investor Elliott Investment Management is considering whether to extend a tender offer for auto parts supplier Toyota Industries to counter the bid by the Toyota (7203 JT). (Nikkei)
Other News
Japan's ruling LDP could gain a majority of the 465 seats in the February 8th lower house election, up from 198, according to a new Nikkei poll, which was conducted immediately after the election announcement.
Japan and the US eye production of synthetic diamonds to kick off the USD 550bln investment plan. (Nikkei)
SOUTH KOREA
Hanwha Aerospace (012450 KS) - Co. won an estimated USD 1.9bln project to supply its K239 Chunmoo multiple rocket launcher systems to Norway. (Yonhap)
Samsung Electronics (005930 KS) - Co. Q4 (KRW) net rose 153.3% Y/Y to 19.64tln (exp. 18.6tln), oper. profit 20.1tln (prev. 6.49tln Y/Y), rev. rose 23.8% Y/Y to 93.8tln, FY net rose 31.2% Y/Y to 45.2tln, FY rev. rose 10.9% Y/Y to 333.6tln, Co. is to buyback KRW 3.57tln of shares and will dispose of KRW 1.1tln of shares. (Yonhap/Newswires)
SK Hynix (000660 KS) - Co. Q4 (KRW) operating profit 19.17tln (exp. 16.69tln), rev. 32.83tln (exp. 31.3tln), FY25 operating profit 47.2tln (exp. 46.0tln), FY25 rev. 97.1tln (exp. 96.6tln), Co. expects a considerable increase in capex during 2026 and sees server set growth in the high-teen percentages, Co. expects short-term shipment adjustments due to deteriorated consumer sentiment, while it is to launch a new US-based AI solution firm. (Yonhap)
Samsung's significant share buyback and positive forecast underscore confidence in its operational stability, while SK Hynix's robust outlook for future capex and AI initiatives signal potential growth despite short-term shipment challenges. These results are likely to influence market sentiment in the Asia-Pacific region, especially within the tech sector.
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