Samsung Has Lost a Fifth of Value And No One Has a Sell Rating
- Foreign funds sell 18.24 trillion won of shares since Jan. 11
- About 93% of analysts still have a buy or equivalent rating
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The global tech selloff has dealt a fresh blow to Samsung Electronics Co., whose shares have sharply underperformed the broader South Korean equity market this year.
Having lost more than 3% so far this month, the world’s largest memory chipmaker is now down 21% from a Jan. 11 peak, with foreign investors selling a net 18.24 trillion won ($15.3 billion) worth of its shares. Concerns about the impact of inflation are adding to worries about slow phone shipments and peaking DRAM chip prices.