00:00Samsung reported 107.4 trillion won in operating profit for the third quarter,
00:06the first global tech company to pass 100 trillion won in a single quarter.
00:10It's Friday, October 30th.
00:12Here's why global investors are paying attention to Korea today.
00:15Memory revenue alone surged 427% year-on-year to 140.7 trillion won.
00:22Here's what the numbers show.
00:23UBS cut its 12-month Cosby target from 8,000 to 7,500 points,
00:28citing a one that has appreciated roughly 15% since June.
00:32The bank estimates that earnings per share could fall 2% this year and 10% next year,
00:38unless the currency effect is fully priced in.
00:40Foreign investors sold heavily in October, but turned net buyers this week,
00:45a signal UBS reads as encouraging.
00:47Google's advertising and search revenue reached $96.3 billion,
00:52short of the $98.5 billion consensus, while cloud revenue grew 103%.
00:57Free cash flow turned negative at minus $9.07 billion in the third quarter,
01:03as capital spending for the year is now guided between $195 and $205 billion.
01:09So what does this mean for global investors weighing Korea exposure this quarter?
01:13Earlier, we said the ONES move could cut earnings.
01:15Here's what that actually means for you.
01:18Currency-adjusted returns on Korean equities may look thinner than headline index gains suggest.
01:23Hedging costs and sector rotation are the variables to track now.
01:27That's today's AI Prism, Global Investors.
01:30This episode was produced with AI assistance based on Seoul Economic Daily Reporting.
01:36AI Prism is a Juan IFRA award-winning series.
01:39We'll be back tomorrow.
