Samsung shares may be struggling a bit this year because of loss in profits and poor handset business in some major markets, but according latest report the Korean company may come back to track soon.
Samsung’s shares are down almost 19 percent this year and it hit a 52-week low on Friday after a warning about its third-quarter profit earlier in the week.
The latest report from financial news paper Barron suggest that Samsung may generate as much as $10 billion in profit next year compared to $8 billion this year. So if you are in a hurry to sell Smasung shares, you may need to consider again.
“The Samsung story may require some investor patience. Yet the shares look promising, given the company’s leading brands, fortress-like balance sheet, still-ample earnings, and a controlling family that sooner or later will align itself with outside shareholders,” Barron’s said.