三星股票逆势大涨，这是最好的信号，等冲击结束后，韩国股指会有新高。

Samsung Beats Estimates After Chip Prices Stage a Comeback (1)

Sales fell short of expectations, but profit outperformed

2020 expected to extend recovery in memory demand and price

By?Sohee Kim

(Bloomberg) –?

Samsung Electronics Co.’s quarterly earnings beat estimates after memory chip prices began to climb out of a persistent downturn.

The world’s largest memory?chip maker?reported a 34% fall in operating income to 7.1 trillion won ($6.1 billion) in the three months ending December, according to preliminary results released Tuesday by the Suwon, South Korea-based company. That compares with the 6.49 trillion won average of analysts’?estimates.

Company shares were mostly unchanged in early trading following the earnings guidance.

Global chip prices — the biggest determinant of Samsung’s bottom line — have shown signs of escaping a protracted slump, helped along by the easing of trade tensions between the U.S. and China and boosted by orders from data center operators. Demand for DRAM chips used in smartphones and servers is projected to rise in line with technology advances that require more and better silicon.

Disco CEO Sees Chip Recovery Taking Root Ahead of Forecasts

Wall Street has been predicting a recovery in semiconductor demand — hammered in 2019 by flagging mobile gadget sales and a slowing expansion in cloud computing — and expects the market for computer and smartphone components will return to growth in the second half of 2020.?Micron Technology Inc.?told investors?last month the worst was over for the memory-chip industry.

What Bloomberg Intelligence Says

NAND prices improved sequentially and DRAM’s descent slowed, even though the fourth quarter is a typically slow season. A strong demand comeback from server customers may restore Samsung’s inventory back to normal levels earlier than expected in 2020.

-?Anthea Lai, analyst

Click?here?for the research.

Sales for the fiscal fourth quarter were 59 trillion won, f