Stock in the warehouse Samsung Article 29 · Hyundai Motor Article 10
... pressure on price cuts
https://www.mk.co.kr/news/economy/view/20019/03/146170/
Largest stock in Korea representative company history
Production increase due to strong export last year
Slumping demand since the US-China Trade War
Inventory growth rate triples from sales
To reduce operating income 28% this year .
"The price of semiconductors is falling rapidly,
and we are squeezing without pressure for customers to cut prices.
Domestic manufacturers' inventory should also be discharged,
but it can not be caught at all when the semiconductor price and the state
of super-oversupply bounce back. "
In the semiconductor industry such as Samsung Electronics SK Hynix,
In the semiconductor industry such as Samsung Electronics SK Hynix,
on the 11th, in addition to the issue of inventory processing,
global information technology (IT) companies have a head
while following the investment plan of data one after another.
If the establishment of the data center is delayed,
the demand for the D-Ram will be reduced accordingly,
but the plant operation rate must be maintained at a certain level.
Stopping production is more costly than doing so.
Although the oversupply of NAND flash in memory semiconductors
is a serious situation, i
t was found that all domestic manufacturers
had doubled their inventories for a year .
A semiconductor related person is
" If the fact that the stock is piled up is known to the customer,
it will be adversely affected in price negotiations,
so it can not be expressed either, " he said.
In addition, people involved in other semiconductor manufacturers are
In addition, people involved in other semiconductor manufacturers are
"Even in the past, even after about a period of time,
there have been explosive demand for more cases of changing smartphones,
but recently it has been difficult to find such cases around."
"Social network service (SNS) companies
such as Twitter no longer need to expand their data centers," he said.
Domestic finished car maker B has not seen the effect of having entered
Domestic finished car maker B has not seen the effect of having entered
into a large discount from the beginning of the year because
of stocking recently due to labor-management concerns and poor sales.
In fact,
this company produced 44,000 units and sold 42,000 units in January last year,
but produced 46,000 units in January
this year and sold only 38,000 units It was not.
An automobile company where such a phenomenon
is repeated every month usually increases the discount rate.
In this case, although the stock is depleted,
the profitability is experienced as a side effect.
Due to the slump in semiconductors and automobiles,
Due to the slump in semiconductors and automobiles,
which are the main export sectors in recent years,
inventories have skyrocketed ,
and we have to worry about not only the short-term performance
of this year but also the deterioration of the long-term financial structure .
will reach 28.984.7 trillion won
( about 2.824 trillion yen, about 25.2 billion US dollars ).
The ratio of inventory to sales was 11.9%, 1.5 percentage points higher
than the previous year (10.4% in 2017).
As an export company,
the inventory burden is visibly increased even
when the average inventory ratio of the top 20 companies
in Kospi's market capitalization increased
by 0.9 percentage points for the same period.
According to the analysis,
According to the analysis,
while sales in the Chinese region have recently increased
while the region is heavily dependent on sales in the US,
it has received the aftermath of the US-China trade war,
which began in earnest in the second half of last year.
Last year,
Samsung Electronics in the overall sales,
the proportion of sales in the Chinese region
became more dependent than 2017 (16%) at 17.7% .
Samsung Electronics officials
Samsung Electronics officials
"There is a side that predicted the` super boom`
last year and has increased inventory a lot in policy,
but this year it will naturally decrease by adjustment of investment plans etc. "
The decline in profitability is expected to be inevitable
The decline in profitability is expected to be inevitable
even if the inventory declines.
According to semiconductor market research firm D-Ram Exchange,
the average fixed transaction price of D-Ram (based on DDR4 8Gb)
at the end of last month was $ 5.13 a piece, 14.5%
lower than January, 1 month ago.
The price for two months plunged by more than 30% this year.
It greatly exceeds the initial security forecast (-19.5%).
Some have 'optimism' that expect prices to surge in the second quarter
Some have 'optimism' that expect prices to surge in the second quarter
of this year,
but semiconductor manufacturers' inventory growth rates are unusual .
The stock of SK Hynix last year was W4,422.7 billion
The stock of SK Hynix last year was W4,422.7 billion
( about ¥ 403.9 billion, about $ 3.9 billion ),
and it has more than doubled in the last two years .
We have increased the inventory that `super boom` is expecting to continue,
but the place to sell products suddenly has disappeared.
This manufacturer's
inventory increase rate over last year's standard
reached a whopping 67.5% .
Sales for the same period increased 34.3%,
but inventory growth was twice as fast as sales .
Lee Seong-eujin Investment Securities researcher
Lee Seong-eujin Investment Securities researcher
"The memory inventory level, which increased in the fourth quarter last year,
is known to increase more than in the first quarter," he said.
Samsung Electronics's operating profit
(37,435.6 billion won) is expected to drop by 36.4 percent
from last year (58,886.7 billion won)
due to the drop in semiconductor prices and so on.
Among the 20 companies analyzed, Samsung Electronics,
Among the 20 companies analyzed, Samsung Electronics,
Hyundai Motor (10,714.8 billion won) and POSCO (11,499.9 billion won),
including the inventory value of which exceeded 10 trillion won last year
Hyundai, like Samsung Electronics, is highly dependent
on the United States and China, and it is necessary
to provide various incentives in the export market in order
to discharge inventory, so the profitability is far apart.
While the year-on-year sales increase rate
While the year-on-year sales increase rate
of Hyundai Motor was only 0.5% on a year-on-year basis,
the inventory increase rate reached 4.2%.
Inventory growth is about nine times faster than sales .
As a result, the operating profit margin of Hyundai Motor,
As a result, the operating profit margin of Hyundai Motor,
which has temporarily reached 10%, fell to 2.5% the previous year.
However, the operating profit margin is expected to rise to 3.7%
this year due to aggressive inventory depletion and new car launches.
The Hyundai-Kisa slump has been transferred to affiliated companies
such as Hyundai Mobis and Hyundai Globis.
In the last year, Hyundai Mobis's sales increased 2.7%
from the previous year's inventory.
Hyundai Globis also had an excessively high inventory growth rate
(38%) than the sales growth rate (3.1%).
POSCO,
POSCO,
which includes various raw materials such as coal and iron ore in its inventory,
has a high stock ratio traditionally.
Last year the standard inventory ratio is 17.7%.
In the steel market, too, the oversupply of iron and steel,
which China relies on, has been eliminated to some extent,
and it is expected that the stock problems of domestic steel makers
will be solved.
BTS members famous for atomic bomb T-shirts are crazy inside the bus Videos leaked! https://twitter.com/i/status/1062852872176451584
Overseas fans seem to be exactly the same
Suddenly overflowing with compliments of English praise. Creepy…
http://www.ekn.kr/news/article.html?no=398456
https://news.v.daum.net/v/20181106030037589
http://www.koreaherald.com/view.php?ud=20181114000854
A song called BTS "run". Members are suffering in waters in the water.
MV release date, March 11, It is the day of the Great East Japan Earthquake.
I can not forgive as a Japanese citizen.
BTS wearing a comfort Woman wear
Dokdo is also doing anti-Japanese act of singing our territory.
Dokdo is also doing anti-Japanese act of singing our territory.
The capital flight started
World stock price / Korea KOSPI
Do not move, government intervention,
Trading suspension, circuit breaker activation,
power off of server,
Koria have a proven track record.
Yuzuru Sato
Korea attacks Japan by combining hands with North Korea and China
Propaganda neglect affects the recreation of the comfort women problem,
the activities of Japanese companies around the world
Possibility of losing in the image strategy at the US jury trial.
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