Samsung Electronics – an unlikely flame-out

Pendal Group

One of Samsung Electronics’ flagship products, the Galaxy Note 7 smartphone, has become infamous for its tendency to catch fire. Or as Reuters put it, “Samsung’s latest invention: a fireproof box for Note 7 return.” The company’s attempt to satisfy Note 7 owners has been poorly executed and the Note 7 is being canceled as a device, with production ended and a full recall. Samsung’s share price has been volatile during September and October. Given the recent commentary, we wanted to highlight why Samsung remains one of our highest conviction holdings in the BT Global Emerging Markets Opportunities Fund. (VIEW LINK)


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