Samsung Electronics delays shareholder return plan, shares plunge 6.6% at one point.
1 days ago
Disappointed by the absence of a new shareholder return plan in its financial results, Samsung Electronics' stock erased earlier gains and plunged as much as 6.6%. Samsung Electronics said it will announce the plan by the end of January. This stands in stark contrast to SK Hynix, which on Wednesday not only reported strong earnings but also plans to return around $45 billion in additional capital to shareholders. Additionally, weaker-than-expected profits at Samsung's chip division and expanded capital spending also weighed on market sentiment toward the company. eToro analyst Josh Gilbert noted that keeping the market waiting until January for a full shareholder return plan has created a gap where positive news should have been. Samsung also raised its capital expenditure by roughly 60% this year, so until it clarifies how this windfall will be allocated between new production capacity and shareholders, there remains a real question mark over how much money will actually flow back to investors. Rob Li, managing partner at Amont Partners, said delaying shareholder return details until January is disappointing, giving stock traders an excuse to shift funds to SK Hynix or Micron in the coming months, as the two peers have clearer shareholder return frameworks.
Approximately 1,077 BTC was transferred from an unknown wallet to OKX.
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Microsoft: North Korean Hackers Use AI to Mass-Generate Phishing Documents, With Fake Recruitment and Malicious Code Development Already Implemented
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Reserve: Approximately 3.38 billion RSR tokens involved in the Binance hot wallet hack have been sold, while the protocol’s contracts remain unaffected.
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A Hyperliquid whale has placed an approximately $20 million ETH long order.
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Binance hacker moves around $38.82 million worth of ETH to a new wallet, and still holds approximately $1.12 billion worth of ETH.
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Binance hacker transfers another 17,260 ETH to attempt money laundering, and still holds approximately $1.08 billion in assets that cannot be frozen.
16 minutes ago
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