Most ROK analysts shun negative ratings, producing overly optimistic forecasts that can lead investors astray
For those paying attention to South Korean stock markets, analysts’ forecasts on various KOSPI and KOSDAQ-listed companies might appear overly optimistic, given the absence of positive indicators.
Case in point, a Samsung Securities equity analyst recently published a research report about fellow affiliate Samsung Electronics titled “The Sky is Falling” — somewhat appropriate, given the recent woes afflicting the semiconductor business of South Korea’s largest corporation. The report noted that lower NAND and DRAM memory prices had dragged the company’s profits.
For those paying attention to South Korean stock markets, analysts’ forecasts on various KOSPI and KOSDAQ-listed companies might appear overly optimistic, given the absence of positive indicators.
Case in point, a Samsung Securities equity analyst recently published a research report about fellow affiliate Samsung Electronics titled “The Sky is Falling” — somewhat appropriate, given the recent woes afflicting the semiconductor business of South Korea’s largest corporation. The report noted that lower NAND and DRAM memory prices had dragged the company’s profits.
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